Skybridge Capital today announced it will tokenize $300 million of its flagship hedge funds on the Avalanche blockchain network. This landmark initiative represents a collaboration with enterprise-grade tokenization leader Tokeny and its parent company, Apex Group Ltd., a global financial services provider servicing over $3.5 trillion in assets.
“Tokenizing our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in modernizing the alternative investment landscape,” said Anthony Scaramucci, Founder & CEO of SkyBridge Capital.
“We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors, and demonstrating how traditional finance and blockchain can work together to create smarter, more efficient investment solutions.”
A former Goldman Sachs executive and White House Communications Director, Scaramucci has long been a prominent voice in alternatives and digital assets, with deep networks across pensions, sovereign wealth funds, and family offices.
Under the agreement, SkyBridge will tokenize its Digital Macro Master Fund Ltd and Legion Strategies Ltd leveraging the proven ERC-3643 standard with operational infrastructure delivered through Apex Group’s Digital 3.0 platform. The platform offers a single-source solution for the entire investment lifecycle, enabling institutional clients to seamlessly transition their funds to blockchain-based rails with integrated capabilities for creation, issuance, administration, and distribution.
Daniel Coheur, Global Head of Digital Assets at Apex Group and Co-Founder of Tokeny said: “This milestone shows how Apex Group and Tokeny are breaking down the operational and technology barriers that have historically slowed institutional tokenization. SkyBridge’s tokenization on Avalanche proves that with the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible, it’s happening.”
Avalanche was selected for its institutional-grade architecture, offering the transaction speed and near-instant finality required for large-scale tokenization. As a leading blockchain for real-world assets (RWAs), Avalanche’s rapidly expanding institutional ecosystem already hosts regulated offerings in tokenized money market funds, private credit, and more. The network’s EVM compatibility and scalability make it an ideal foundation for bringing traditional assets on chain to unlock new distribution channels, utility, and blockchain-naive products and services.
“Our work with Tokeny, Apex Group, and SkyBridge marks a pivotal moment for institutional adoption and serves as a powerful market signal that tokenization has entered the mainstream,” said John Wu, President of Ava Labs. “SkyBridge Capital’s leadership and network within the allocator community makes this a strong validation of Avalanche’s position as the premier platform for connecting capital.”
This collaboration brings together next-generation technology, enterprise-grade infrastructure, and institutional credibility, a critical combination for accelerating the adoption of RWAs across hedge funds, private credit, and multi-strategy vehicles.
