Anthony Scaramucci’s SkyBridge Capital is taking a major step into blockchain-based finance with a plan to tokenise $300 million of its hedge fund assets on the Avalanche network.

The move marks one of the most significant commitments by a traditional finance firm to real-world asset tokenisation, a technology increasingly seen as the next frontier in global markets.

According to an exclusive interview with Fortune Crypto, SkyBridge intends to bring two of its funds on-chain through the initiative.

The Digital Macro Master Fund, which invests directly in cryptocurrencies such as Bitcoin, and Legion Strategies, a fund of funds mixing venture capital stakes with crypto exposure, will both be tokenised.

Together, the allocation represents around 10% of the firm’s $2 billion in assets under management.

The firm is working with tokenisation provider Tokeny and its parent company, Apex Group, which oversees more than $3.5 trillion in assets.

Apex will provide operational support through its Digital 3.0 platform, which manages the issuance, administration, and distribution of tokenised products.

Importantly, the tokens will follow the ERC-3643 standard, a framework designed to ensure compliance while allowing investors easier access.

Avalanche has become a preferred platform for tokenisation projects because of its speed, scalability, and flexible design.

The blockchain supports sub-second transaction finality and allows institutions to create customised subnets, making it attractive for both private and public market use.

So far, Avalanche has hosted tokenised products ranging from bonds and real estate to mineral rights and structured financial instruments.

Bergen County in New Jersey even uses the network to digitise property deeds worth an estimated $240 billion, a programme aimed at reducing fraud and cutting paperwork.

With the addition of SkyBridge’s hedge funds, Avalanche’s tokenised asset base is expected to grow from $188 million to nearly $500 million, representing one of the largest single increases in its history.

The move comes at a time when interest in real-world asset tokenisation is accelerating across global finance.

According to data from RWA.xyz, the tokenised asset market has expanded from $15.8 billion at the end of 2024 to $26.4 billion in early 2025, a jump of more than 64% in less than two months.

Private credit accounts for the largest share of the market, followed by tokenised US Treasuries.

Major institutions have also entered the space. BlackRock’s BUIDL fund, Franklin Templeton’s BENJI, and tokenisation initiatives from Ondo, WisdomTree, and Securitise highlight the growing confidence among asset managers.

Other players, such as VERT Capital, are moving to tokenise large pools of debt on competing blockchains like XDC and the XRP Ledger.

For Scaramucci, the plan is a continuation of SkyBridge’s early bet on digital assets.

The firm disclosed a $182 million Bitcoin allocation as early as 2020 and launched the SkyBridge Bitcoin Fund LP to offer institutional exposure.

While setbacks such as the collapse of FTX tested the firm’s strategy, Scaramucci has remained vocal in his belief that blockchain will redefine how capital markets operate.

Speaking at the Wyoming Blockchain Symposium, he framed tokenisation as a practical solution to make transactions faster, cheaper, and more secure.

Scaramucci also described it as a way to improve transparency and liquidity for traditionally illiquid assets, opening new opportunities for investors worldwide.

The post Scaramucci's SkyBridge plans to tokenise $300 million on Avalanche appeared first on Invezz

148 +