SkyBridge Capital Tokenizes $300M Hedge Funds on Avalanche
**Real World Asset (RWA) activity surges on Avalanche** as institutional adoption accelerates.
**SkyBridge Capital partners with Tokeny and Apex Group** to tokenize $300M in hedge funds on the blockchain. The move represents a significant step in bringing traditional finance onchain.
**Key details:**
- Founded by Anthony Scaramucci, SkyBridge manages alternatives for pensions, sovereign wealth funds, and family offices
- Uses Tokeny's ERC-3643 standard and Apex Group's Digital 3.0 infrastructure
- Covers full investment lifecycle from creation to distribution
**Avalanche's growing RWA ecosystem** now includes tokenized money market funds, private equity, credit, stocks, venture capital, and hedge funds.
This partnership demonstrates **institutions increasingly trust Avalanche** to connect traditional capital with blockchain infrastructure, bridging TradFi and DeFi through programmable products.
[Read full breakdown](https://www.avax.network/about/blog/skybridge-capital-to-tokenize-300m-on-avalanche)
