SkyBridge Invests $300 Million in Avalanche’s Tokenization Initiative

Wall Street money managers are increasingly turning to tokenization as the next frontier in finance, and SkyBridge is at the forefront of this trend. The firm has partnered with blockchain platform Avalanche to launch a massive $300 million tokenization deal that will split efforts into two distinct funds. One will tokenize direct holdings in cryptocurrencies like Bitcoin, while the other will combine venture capital stakes with crypto-focused funds. This initiative represents approximately 10% of SkyBridge’s total assets under management, highlighting the scale and significance of this innovation.