Skybridge Capital will tokenizar USD $ 300 million in coverage funds on the Avalanche network

Skybridge capital, Directed by Anthony Scaramucci, he will tokenize two of his funds in Avalanche with the support of Tokeny and Apex Group. The initiative seeks greater transparency, liquidity and access for investors.

***

• Skybridge USD will migrate $ 300 million in network coverage funds Avalanche
• Tokenization will use the standard ERC-3643 with support of Apex Group.
• The tokenized asset market exceeded USD $ 26,000 million in 2024.

Skybridge capitalthe investment management firm founded by Anthony Scaramucci, announced plans to tokenizar USD $ 300 million of its coverage funds through the network Avalanche The news was revealed in a statement shared with COINDESK and represents a key step in the integration of traditional finances with technology Blockchain.

The company will lead to Blockchain his Digital Macro Master Fund and the background Legion Strategies. The process will be carried out in collaboration with Tokeny, tokenization provider, and with Apex Groupits parent company, which manages more than USD $ 3.5 billion in global assets. It should be noted that Apex acquired Tokeny Earlier this year.

A step towards digital finances

The initiative will use the standard ERC-3643 To issue and manage the funds in tokenized format. The operational support will come from the platform Apex digital 3.0designed to handle the issuance, distribution and administration of digital assets.

According to the statement, this decision seeks to improve the liquidity of the funds, expand access for investors and guarantee more transparent processes. In Scaramucci’s words: “We hope to bring our coverage funds to the digital age, improving transparency, liquidity and accessibility for our investors, and demonstrating how traditional finances and blockchain can work together.”

This announcement reflects the growing interest in using technology Blockchain To register and transfer traditional financial instruments such as bonds, actions and funds, in a process known as real world asset tokenization (RWA).

Global tendency towards tokenization

Skybridge’s movement occurs in the midst of the growing interest in companies in taking advantage Blockchain to support your assets and operations. Signatures like Capital aspect They recently reported that they will tokenize USD $ 1 billion in debt and accounts receivable on the network XDC, In addition to launching a tokenized credit platform in XRP Ledger. At the same time, Securitize offers tokenized giant funds such as Hamilton Lane, Apollo and Kkr.

The market of RWA Tokenized has shown accelerated growth. Data from Rwa.xyz They indicate that the volume doubled in the last year, exceeding USD $ 26,000 million. Consulting projections such as McKinsey, Ripple and BCG SThey are that this sector could reach the trillion of dollars before 2030.

Avalanche as Digital Assets Center

Avalanche, The network Blockchain chosen by Skybridge, It seeks to consolidate as a reference center for asset token. An outstanding case is that of Bergen County, in New Jersey, which digitizes deeds of real estate property valued at USD $ 240,000 million on this network, with the aim of reducing fraud and accelerating processes.

The choice of Avalanche Underline its positioning as a flexible infrastructure to integrate traditional assets into the ecosystem Blockchain. With this decision, Skybridge It adds to a global trend in which banks, fund managers and governments experience with tokenization technologies to reduce liquidation times and maintain open markets 24 hours.

The combination of Skybridge, Tokeny, Apex and Avalanche It represents a new milestone in the convergence of traditional finance with the crypto universe, anticipating a future where asset token become a standard of the industry.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

Subscribe to our newsletter