Skybridge Capital today announced it will tokenize $300 million of its flagship hedge funds on the Avalanche blockchain network. This landmark initiative represents a collaboration with enterprise-grade tokenization leader Tokeny and its parent company, Apex Group Ltd., a global financial services provider servicing over $3.5 trillion in assets.
"Tokenizing our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in modernizing the alternative investment landscape,"
said Anthony Scaramucci, Founder & CEO of SkyBridge Capital.
"We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors, and demonstrating how traditional finance and blockchain can work together to create smarter, more efficient investment solutions."
A former Goldman Sachs executive and White House Communications Director, Scaramucci has long been a prominent voice in alternatives and digital assets, with deep networks across pensions, sovereign wealth funds, and family offices.
Under the agreement, SkyBridge will tokenize its Digital Macro Master Fund Ltd and Legion Strategies Ltd leveraging the proven ERC-3643 standard with operational infrastructure delivered through Apex Group’s Digital 3.0 platform. The platform offers a single-source solution for the entire investment lifecycle, enabling institutional clients to seamlessly transition their funds to blockchain-based rails with integrated capabilities for creation, issuance, administration, and distribution.
Daniel Coheur, Global Head of Digital Assets at Apex Group and Co-Founder of Tokeny said:
“This milestone shows how Apex Group and Tokeny are breaking down the operational and technology barriers that have historically slowed institutional tokenization. SkyBridge’s tokenization on Avalanche proves that with the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible, it’s happening.”
Avalanche was selected for its institutional-grade architecture, offering the transaction speed and near-instant finality required for large-scale tokenization. As a leading blockchain for real-world assets (RWAs), Avalanche's rapidly expanding institutional ecosystem already hosts regulated offerings in tokenized money market funds, private credit, and more. The network's EVM compatibility and scalability make it an ideal foundation for bringing traditional assets on chain to unlock new distribution channels, utility, and blockchain-naive products and services.
"Our work with Tokeny, Apex Group, and SkyBridge marks a pivotal moment for institutional adoption and serves as a powerful market signal that tokenization has entered the mainstream,"
said John Wu, President of Ava Labs.
"SkyBridge Capital’s leadership and network within the allocator community makes this a strong validation of Avalanche's position as the premier platform for connecting capital."
This collaboration brings together next-generation technology, enterprise-grade infrastructure, and institutional credibility, a critical combination for accelerating the adoption of RWAs across hedge funds, private credit, and multi-strategy vehicles.
About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
About Tokeny
The award-winning fintech provides compliant tokenization with the open-source ERC-3643 token standard and advanced white-label software solutions for financial institutions.
The enterprise-grade platform and APIs unify fragmented onchain and offchain workflows, integrating essential services to eliminate silos. It enables seamless issuance, transfer, and management of tokenized securities. By automating operations, offering innovative onchain services, and connecting with any desired distributors, Tokeny helps financial actors attract more clients and improve liquidity.
Trusted globally, Tokeny has successfully executed over 120 use cases across five continents and facilitated 3 billion onchain transactions and operations.
About SkyBridge Capital
SkyBridge Capital is a global alternative investment firm specializing in financial technology, digital assets, venture capital and multi-manager solutions. The firm, founded by Anthony Scaramucci in 2005, has allocated over half of SkyBridge's assets under management to digital assets, an emerging asset class that is reshaping the future of finance.
About Avalanche
Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale.
The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.
Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.
