Billion-Dollar Company Announces Altcoin Network It Will Use to Tokenize Its Assets

SkyBridge Capital, the investment firm founded and CEO by Anthony Scaramucci, plans to tokenize its $300 million fund on the blockchain. This step taken by the company is considered a new example of the rapidly growing “tokenization” trend in the crypto industry. Tokenization enables digital versions of traditional financial assets like treasury bonds to be traded on the blockchain, much like Bitcoin or stablecoins. SkyBridge will launch its tokenized funds on the Avalanche (AVAX) network. According to DefiLlama data, Avalanche currently holds approximately $2 billion in assets. Related News: Bitcoin Price Drops to $113,000 - Analysis Company Shares Report on What May Happen Next “I see 2026-2027 as the era of tokenization of real-world assets,” Scaramucci told Fortune. The total funds the company will tokenize represent approximately 10% of SkyBridge's assets under management. One of these funds focuses on cryptocurrencies, which are not designated as securities by the U.S. Securities and Exchange Commission (SEC). The other fund is a fund of funds encompassing SkyBridge's various venture and crypto funds. “We want to achieve two things: migrate activities from the traditional financial world to blockchain and demonstrate how this technology can benefit people with cost advantages,” said John Wu, President of Ava Labs. *This is not investment advice. Continue Reading: Billion-Dollar Company Announces Altcoin Network It Will Use to Tokenize Its Assets