Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, has revealed plans to tokenize approximately $300 million from two of the firm’s funds on Avalanche.
SkyBridge To Put 10% Of Assets On Avalanche Chain
Scaramucci’s SkyBridge Capital intends to convert a portion of its assets into tokenized form, a process that involves creating digital tokens representing real-world assets. These tokens can be traded easily on a blockchain, similar to cryptocurrencies like Bitcoin or stablecoins. The company will utilize the Avalanche (CRYPTO: AVX) blockchain, which currently hosts nearly $2 billion in assets, as per a Fortune report on Wednesday.
Scaramucci predicts that the years 2026 and 2027 will witness a surge in real-world tokenization. This move will see around 10% of SkyBridge’s assets under management being deployed on the Avalanche blockchain.
One of the funds being tokenized by SkyBridge …