SkyBridge’s $300M Blockchain Bet: Avalanche or Bust?

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In an age where even the most staid of financial institutions are donning digital tuxedos, SkyBridge Capital-founded by the ever-charismatic Anthony Scaramucci-has taken a plunge into the murky waters of tokenization. 🎩💰

Behold, the grand plan: $300 million in assets, transformed into digital trinkets on the Avalanche blockchain. A modern marvel, or merely a very expensive game of Monopoly with a crypto twist? 🧠

  • Anthony Scaramucci’s SkyBridge Capital plans to tokenize $300 million in two funds on Avalanche. 🧢
  • SkyBridge Capital will partner with Tokeny, a platform recently acquired by a $3.5 trillion behemoth. A match made in financial heaven-or is it a blockchain? 🧱

“Should we tokenize our funds? Or should we just… you know, invest in something real?” 🤷‍♂️

“Tokenizing our funds on Avalanche… represents a significant step forward in modernizing the alternative investment landscape,” said Scaramucci, whose enthusiasm is matched only by his ability to make headlines. 📰

The two tokenized funds-Digital Macro Master Fund Ltd and Legion Strategies Ltd-will account for 10% of SkyBridge’s assets. A drop in the bucket, or a bold leap into the unknown? 🌊

“With the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible-it’s happening,” said Daniel Coheur, who clearly hasn’t met the concept of “regulatory clarity” in person. 🧐

Meanwhile, Avalanche’s RWA ecosystem includes the BlackRock USD Institutional Liquid Fund (BUIDL) and the Franklin Onchain U.S. Government Money Fund (BENJI). A veritable who’s who of digital finance. 🏛️

According to rwa.xyz, the total value of real-world assets on Avalanche stands at $187.9 million. A tidy sum, enough to buy a modest villa in the Hamptons-assuming the villa is built entirely of cryptocurrency. 💰

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2025-08-19 21:59