◀️Founded by Anthony Scaramucci and led by its executive🔺, for the symbolism of its $300 million fund on the blockchain.↪️📉
◀️This step taken by the company is a new example of the rapidly growing "token"🔺 trend in the cryptocurrency industry.↪️📉
◀️Tokenization enables the trading of digital copies of traditional financial assets,🔺 such as treasury bonds🔺, on the blockchain,🔺 just like Bitcoin or stablecoins🔺. SkyBridge will launch its tokenized funds on the Avalanche (AVAX) network.🔺 According to DefiLlama data,🔺 the current value of Avalanche assets is around $2 billion.✔️📉
◀️Scaramucci stated to Fortune magazine:◾ "I see 2026 and 2027 as the era of tokenizing real assets"🔺. The total funds to be tokenized by the company represent about 10% of SkyBridge's managed assets🔺. One of these funds focuses on cryptocurrencies,🔺 which are not classified by the U.S. Securities and Exchange Commission (SEC) as securities.🔺 The other fund is a fund of SkyBridge's various funds to invest in projects and cryptocurrencies.📶🔻
◀️John Woo🔺, CEO of Ava Labs◾: "We want to achieve two goals◾: to move activities from the traditional financial world🔺 to blockchain technology and to show how this technology can benefit people through cost advantages".💸🏁
◀️*This is not investment advice.🔁
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