SkyBridge Capital Tokensize $300 Million in Hedge Funds on Avalanche

Investment firm SkyBridge Capital, founded by Anthony Scaramucci, is launching the tokenization of $300 million worth of assets on the Avalanche blockchain. The initiative partners with Tokeny, an enterprise-grade tokenization platform acquired by Apex Group Ltd., a financial services giant with $3.5 trillion in assets under management. This move marks a significant step towards modernizing the alternative investment landscape.