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🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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SkyBridge deploys $300 million in assets to the Avalanche Blockchain.
[Chain News] On August 19, Anthony Scaramucci's investment company SkyBridge Capital announced plans to tokenize approximately $300 million in assets and deploy them to the Avalanche Blockchain. This amount represents about 10% of the assets managed by SkyBridge, including funds focused on non-securities crypto assets like Bitcoin and other portfolio funds. The tokenization will be completed in partnership with Tokeny.
SkyBridge's move aligns with the recent trend of asset tokenization on the Blockchain by financial giants such as BlackRock and Franklin Templeton.
The Avalanche network currently has nearly $2 billion in assets, and SkyBridge hopes to promote the integration of traditional finance and blockchain technology through this tokenization, while showcasing the advantages of blockchain in terms of cost savings.