SkyBridge Capital to Tokenize $300 Million in Assets on Avalanche

SkyBridge Capital’s founder, Anthony Scaramucci, has announced plans to tokenize $300 million in assets on the Avalanche blockchain. This move marks a significant step for the hedge fund, as it allocates a portion of its assets (about 10%) into digital form via tokenization. The tokens will be derived from two funds: one focusing directly on cryptocurrencies like bitcoin, and another that diversifies across venture and crypto-focused investments.