SkyBridge Capital is preparing a major push into blockchain-based finance, with founder Anthony Scaramucci revealing that the firm will tokenize roughly $300 million of its assets on the Avalanche (AVAX) network.
The move underscores how Wall Street money managers are increasingly embracing tokenization as the next frontier in finance.
According to details reported by Fortune, SkyBridge plans to split the effort across two funds. One vehicle will tokenize direct holdings in cryptocurrencies such as Bitcoin, while the second will tokenize a portfolio that mixes venture capital stakes with crypto-focused funds. Together, the initiative represents about 10% of SkyBridge’s total assets under management.
Why Avalanche?
Avalanche has become a popular choice for real-world asset (RWA) projects thanks to its fast transactions and scalable design. From tokenized Treasuries to real estate and mineral rights, developers and institutions alike are turning to the blockchain as a platform to bring traditional assets onto the chain. SkyBridge’s participation signals that the trend is accelerating beyond early-stage experiments and into mainstream asset management.
Scaramucci, a former Goldman Sachs banker who also briefly served in President Donald Trump’s administration, framed the tokenization plan as a natural extension of the firm’s long-standing bet on crypto. SkyBridge has been active in the space since at least 2020, when it invested $182 million into Bitcoin and later launched the SkyBridge Bitcoin Fund LP to give institutional investors exposure to the asset.
Tokenization as the Future of Finance
SkyBridge’s move reflects a broader transformation underway across the financial sector. Major banks and asset managers are exploring tokenization of everything from government bonds to equities, as the technology promises faster settlement, lower costs, and wider investor access.
For Scaramucci, the strategy is also a statement of conviction. A vocal Bitcoin bull who has previously argued that the cryptocurrency could eventually climb toward $700,000, he sees tokenization as the next structural shift that will reshape financial markets.
What’s Next
While the firm has not disclosed a timeline for the rollout, the project positions SkyBridge among a growing cohort of traditional asset managers experimenting with blockchain rails. The decision also comes at a time when investor interest in real-world asset protocols is surging, with tokenized U.S. Treasuries alone surpassing billions in on-chain value.
For Avalanche, securing SkyBridge’s commitment is another boost to its standing in the competitive layer-1 landscape. For Scaramucci and his firm, it’s a bet that tokenization is not just a crypto niche, but a financial revolution waiting to scale.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/avalanche-lands-300m-tokenization-deal-from-scaramuccis-skybridge/