SkyBridge Capital, led by Anthony Scaramucci, is embarking on a significant initiative to tokenize $300 million worth of hedge funds using the Avalanche network. This move will see the firm’s Digital Macro Master Fund and Legion Strategies transitioning to on-chain formats in partnership with Tokeny and apex’s parent company, Apex Group, which oversees over $3.5 trillion in assets.

The initiative leverages the ERC-3643 token standard supported by Apex’s Digital 3.0 platform for issuance, administration, and distribution. This step highlights the increasing interest in tokenization for real-world assets, a sector that has doubled its market value within the past year, now exceeding $26 billion.

Anthony Scaramucci commented: “We look forward to bringing our hedge funds into the digital, on-chain era, enhancing transparency, liquidity, and accessibility for our investors, proving how traditional finance and blockchain can harmonize to create efficient investment solutions.”

With firms like VERT Capital also entering the tokenization space, it is evident the market is on a trajectory poised for substantial growth, projected to exceed a trillion dollars by 2030.