Skybridge Capital today announced that it will tokenize its $300 million flagship hedge fund on the Avalanche Blockchain Network. The landmark initiative represents a collaboration between Token, an enterprise-grade tokenization leader, a global financial services provider with assets of over $3.5 trillion, and its parent company, Apex Group Ltd.
“Tokenization of avalanche funds, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant advance in modernizing an alternative investment environment,” said Anthony Scaramucci, Founder and CEO of Skybridge Capital.
“We look forward to bringing hedge funds into a digital, chain era, improving investor transparency, liquidity and accessibility, and showing how traditional finance and blockchain can work together to create smarter and more efficient investment solutions.”
Former Goldman Sachs executive and White House communications director Scaramucci has long been a prominent voice of alternatives and digital assets, with a deep network across pensions, sovereign wealth funds and family offices.
Under the agreement, Skybridge will use the operational infrastructure provided through Apex Group’s Digital Macro Master Fund Ltd and Legion Strategies Ltd tokenize using the proven ERC-3643 standard, using the operational infrastructure provided through Apex Group’s Digital 3.0 platform. The platform provides single source solutions throughout the investment lifecycle, enabling institutional clients to seamlessly migrate funds to blockchain-based rails with integrated capabilities for creation, publication, management and distribution.
“We’re looking forward to seeing you in the future,” said Daniel Coheur, global head of digital assets at Apex Group and co-founder of Tokens.
Avalanches were chosen for facility-grade architectures, providing transaction speed and proximity finality required for large-scale tokenization. As a major blockchain for real-world assets (RWAS), the avalanche rapidly expanding institutional ecosystem already hosts regulated products with tokenized money market funds, private credits and more. Network EVM compatibility and scalability provide the ideal foundation for bringing traditional assets onto the chain and unlocking new distribution channels, utilities, and blockchain-natured products and services.
“Working with Tokens, Apex Group and Skybridge will mark a pivotal moment for institutional adoption and serve as a signal to a strong market that tokenization has entered the mainstream,” said John Wu, president of AVA Labs. “The leadership and network of Skybridge Capital within the Allocator community makes this a strong test of the avalanche position as the best platform for connecting capital.”
This collaboration brings together next-generation technology, enterprise-grade infrastructure, and institutional reliability. This is an important combination to accelerate RWA adoption across hedge funds, private credit and multi-strategic vehicles.
