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SkyBridge Capital Plans to Tokenize $300 Million in Assets on Avalanche Blockchain
Summary: SkyBridge Capital, led by Anthony Scaramucci, announced plans to tokenize around $300 million in assets and deploy them on the Avalanche blockchain. This funding represents approximately 10% of SkyBridge's managed assets, including funds focused on non-securities cryptocurrencies like Bitcoin and other investment portfolio funds. The tokenization process will be carried out by partner Tokeny. SkyBridge's ...
SkyBridge Capital, led by Anthony Scaramucci, announced plans to tokenize around $300 million in assets and deploy them on the Avalanche blockchain. This funding represents approximately 10% of SkyBridge's managed assets, including funds focused on non-securities cryptocurrencies like Bitcoin and other investment portfolio funds. The tokenization process will be carried out by partner Tokeny. SkyBridge's move aligns with recent trends in asset tokenization on blockchain by financial giants such as BlackRock and Franklin Templeton. With Avalanche network currently holding nearly $2 billion in assets, SkyBridge aims to drive the integration of traditional finance with blockchain technology through this tokenization, while showcasing the cost-saving advantages of blockchain.
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Link: SkyBridge Capital Plans to Tokenize $300 Million in Assets on Avalanche Blockchain [Copy]
