SkyBridge Capital to Tokenize $300 Million from Hedge Funds on Avalanche Using ERC-3643 at Wyoming Symposium

Anthony Scaramucci’s SkyBridge Capital has announced plans to tokenize $300 million worth of assets on the Avalanche blockchain. The tokenization project involves transferring funds from two hedge funds, Digital Macro Master Fund Ltd and Legion Strategies Ltd, onto the Avalanche platform using the ERC-3643 standard and Apex Group’s tokenized asset distribution infrastructure. This initiative, revealed at the Wyoming Blockchain Symposium, aims to provide traditional finance players and capital allocators with access to previously inaccessible investment strategies by leveraging blockchain technology. The move also underscores growing institutional adoption of asset tokenization and positions Avalanche as a significant platform in this emerging market. SkyBridge Capital’s decision to use Avalanche, often referred to as an ‘Ethereum killer,’ highlights the blockchain’s increasing appeal for large-scale financial asset digitization.

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