SkyBridge Capital Launches $300M Hedge Fund on Avalanche Network

SkyBridge Capital, a hedge fund led by Anthony Scaramucci, is revolutionizing how assets are managed by tokenizing its $300 million fund on the Avalanche blockchain. This strategic move, facilitated by Apex Group and Tokeny, utilizes ERC-3643 tokens to enable compliance and greater accessibility for institutional investors. SkyBridge’s initiative marks a significant step toward mainstreaming blockchain technology in finance, potentially unlocking a trillion-dollar market by 2030.