SkyBridge Capital Plans to Tokenize $300 Million Hedge Funds on Avalanche

SkyBridge Capital plans to tokenize $300 million of its hedge funds on the Avalanche (AVAX) network. This initiative involves the Digital Macro Master Fund and Legion Strategies, in partnership with tokenization provider Tokeny, under Apex Group.

The project utilizes the ERC-3643 token standard.
Apex’s Digital 3.0 platform will support issuance, administration, and distribution.
This move highlights the appeal of blockchain for transferring ownership of traditional financial assets.
The tokenized real-world asset (RWA) market has doubled over the past year, surpassing $26 billion, with projections to reach a trillion-dollar market by 2030.

Avalanche is positioning itself as a hub for tokenized assets, with notable projects like Bergen County in New Jersey digitizing $240 billion in property deeds.