SkyBridge Capital plans to tokenize its $300 million hedge fund on the Avalanche network

ChainCatcher news, according to CoinDesk, Anthony Scaramucci's investment management company SkyBridge Capital plans to tokenize its $300 million hedge fund on the Avalanche network. The company will collaborate with the tokenization provider Tokeny and its parent company Apex Group to bring its Digital Macro Master Fund and Legion Strategies on-chain. Apex Group manages over $35 trillion in assets. Apex acquired Tokeny earlier this year. The plan adopts the ERC-3643 token standard and is supported operationally by Apex's Digital 3.0 platform, which is responsible for issuance, management, and distribution.

According to data from RWA.xyz, the tokenized RWA market size has doubled in the past year, exceeding $26 billion, and reports from companies like McKinsey, Ripple, and BCG predict it will grow to a trillion-dollar market by 2030.