- SkyBridge will tokenize $300M of hedge funds on the AVAX blockchain.
- The move positions Avalanche as a leading platform for RWAs.
- AVAX charts suggest a potential 45% price jump if broader sentiments improve.
While cryptocurrencies retreated from their recent peaks, Anthony Scaramucci’s alternative investment company, SkyBridge Capital, supercharged Avalanche’s (AVAX) fundamentals.
According to the latest press release, SkyBridge plans to tokenize hedge funds worth $300 million on the Avalanche network.
Under this initiative, SkyBridge’s Legion Strategies Ltd. and Digital Macro Masfer Fund Ltd. will tokenize on AVAX’s network through leading financial service providers Apex Group and Tokeny.
Commenting on the move, SkyBridge’s CEO and founder, Anthony Scaramucci, stated:
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.
We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors.
The news renewed sentiments around AVAX’s potential amidst the ongoing broad market bloodbath.
Digital assets trade in the red as Bitcoin falls below $114,000.
Nevertheless, analysts remain bullish, perceiving the current correction as a healthy one after BTC’s surge to all-time highs of around $124,000.
With large-cap altcoins in the traders’ radar after the recent Ethereum rally, this article checks AVAX’s potential comeback once market sentiments improve.
The real-world assets (RWAs) sector is experiencing significant growth momentum as DeFi and TradFi converge.
Hedge fund tokenization will enrich Avalance’s ecosystem, as it already hosts tokenized credit, stocks, private equity, venture, and MMFs.
Avalanche already hosts tokenized MMFs, private equity, credit, stocks, venture & now hedge funds.
Tokenization on Avalanche is bridging TradFi and DeFi with new distribution channels and programmable products.
🔺 This is where capital connects.
https://t.co/vEZbo1c4ft— Avalanche🔺 (@avax) August 19, 2025
SkyBridge decision sets AVAX for impressive performance in the coming…