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SkyBridge Capital: enabling always-on hedge funds
SkyBridge Capital, founded by Anthony Scaramucci, is a prominent hedge fund that has recently embraced tokenisation to enhance its operations and investor experience.
SkyBridge Capital decided to partner with us to leverage Apex Digital 3.0 ("AD3"), using its comprehensive infrastructure to handle the full lifecycle of tokenised products (fund creation, issuance, administration, custody, and connectivity to multiple distribution channels).
Why tokenise hedge funds
From days to seconds
- Fully digital onboarding process
- 24/7 subscriptions and redemptions
- Real-time (T+0) atomic settlement
From costly layers to lean automation
- Built-in compliance
- Unified real-time operation for multi-party approval
- Automated corporate actions
From locked-up to liquid
- Peer-to-peer compliant transfers
- Instant collateralisation
- Portable funds for distribution channels and DeFi applications
The challenge
Like many hedge funds, SkyBridge Capital was accustomed to slow subscription, redemption, and transfer processes due to fragmented settlements involving multiple layers of middlemen. To bypass the high transactional costs, delays, and limited liquidity of a traditional hedge fund, they sought out a tokenisation solution that would appeal to the always-on expectations of today's market.
The solution
SkyBridge Capital is moving $300m of its flagship hedge funds on-chain through AD3. This solution eliminates fragmentation and delivers real-time services by enabling subscriptions, redemptions, and transfers to run 24/7 with full transparency. AD3 provides a complete 0-to-1 solution, including legal setup, compliance, issuance, custody, servicing, and distribution - all within one infrastructure.
The result
By tokenising its hedge funds, SkyBridge Capital has achieved lower costs, faster operations, and an investor experience that matches the always-on expectations of today’s markets. The $300m project is a live example of institutional adoption at scale, with more projects in the pipeline.
Why Apex Group?
“Tokenising our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in transforming the alternative investment landscape.”
Anthony Scaramucci
Founder and CEO of SkyBridge Capital
For over two decades we have continually disrupted the financial services industry through our investment in innovation and talent. Today, we set the pace in fund and asset servicing and stand out for our 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 integrated professionals.