SkyBridge Capital Tokenizes $300M Fund on Avalanche Network

SkyBridge Capital plans to tokenize its $300 million hedge fund on the Avalanche network, partnering with Apex Group and Tokeny, utilizing the ERC-3643 token standard.

This initiative may significantly boost institutional blockchain adoption, as tokenized real-world assets predict growth to a trillion-dollar market by 2030.

SkyBridge’s Strategic Leap into Blockchain Fund Tokenization

SkyBridge Capital, led by Anthony Scaramucci, plans to tokenize its $300 million hedge fund through a strategic partnership with Apex Group and Tokeny. Utilizing the Avalanche blockchain and ERC-3643 token standard, the initiative aims to broaden access and efficiency. Apex Group will manage the fund with its Digital 3.0 platform.

Tokenization offers institutional investors a compliant, efficient avenue to engage with decentralized financial systems. By placing such significant capital on the Avalanche network, SkyBridge is catalyzing a key shift in asset management. Growth in the tokenized real-world asset market may see substantial acceleration.

The market has responded positively to the announcement, with industry observers noting the potential for increased liquidity in the Avalanche ecosystem. Apex Group’s proven regulatory compliance and scale reassure stakeholders. As Raoul Pal, CEO of Real Vision, observed, “The move by SkyBridge Capital marks a pivotal moment in institutional blockchain adoption, particularly for real-world assets.”

Market Insights: Price Trends and Tokenization Growth

Did you know? The market for tokenized real-world assets has doubled in size over the past year, surpassing $26 billion, according to RWA.xyz. Predictions from BCG and others suggest it might evolve into a trillion-dollar market by 2030.

CoinMarketCap reports Avalanche (AVAX) is priced at $22.91, with a market cap of $9.68 billion. The cryptocurrency’s 24-hour trading volume dropped by 23.11% to $534.05 million. Recent price changes show a 30.54% increase over 60 days but decline over other timeframes.

The insight from Coincu Research emphasizes the financial potential of tokenization for amplifying investor access and streamlining regulatory compliance. The collaboration between SkyBridge and Apex showcases a pivotal moment in integrating traditional and decentralized finance. The success of these efforts could influence broader adoption and market practices.