Quick take:
- One of the two funds to be tokenized specializes in assets that have not been deemed as securities by the U.S. SEC, like Bitcoin.
- The second one is a fund of funds composed of SkyBridge’s other investment vehicles, including both its venture and crypto funds, Fortune reported.
- SkyBridge is partnering with real-world asset tokenisation platform Tokeny to put its funds on Avalanche.
SkyBridge Capital, the investment management firm founded by Anthony Scaramucci, is planning to tokenize $300 million of its funds on the Avalanche blockchain. The company has chosen the real-world asset tokenisation firm, Tokeny, to tokenise the funds.
According to the report by Fortune, the tokenised assets represent about 10% of SkyBridge’s total assets under management and will be split across two funds.
One of the funds to be tokenized specializes in assets that have not been deemed as securities by the U.S. Securities and Exchange Commission (SEC), like Bitcoin, while the second one is a fund of funds composed of SkyBridge’s other investment vehicles, including both its venture and crypto funds.
Commenting on the decision to tokenise a significant percentage of his investment firm’s assets under management, Scaramucci, the founder and CEO of SkyBridge Capital, said: “I’m basically seeing 2026 into 2027 as the age of real-world tokenization.”
The announcement comes amid the rapid growth of the real-world asset tokenisation market, which grew from about $12.4 billion in August last year to over $26.4 billion, excluding stablecoins, as of this writing, according to data by the RWA tokenisation tracking platform, RWA.xyz.
Subsequently, the total value of stablecoins is approaching $270 billion, with last month’s signing into law of the GENIUS Act expected to further drive the mainstream adoption of tokenized assets.
“Ultimately, we want to achieve two things,” said John Wu, the president of Ava Labs, the developers behind the Avalanche network. “One is to bring activity on the chain from the traditional finance world and also show the world that this technology can benefit them in terms of cost savings.”
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