Avalanche will become the platform for the tokenization of $300 million from SkyBridge Capital.
The investment company SkyBridge Capital plans to tokenize assets worth $300 million and place them on the Avalanche blockchain (native token $AVAX ). This was reported by the company's founder, Anthony Scaramucci, in an interview with Fortune.
These funds come from two SkyBridge funds:
A fund that invests in cryptocurrencies.
A fund of funds that combines various investment products from SkyBridge, including venture and crypto funds.
For this project, SkyBridge will collaborate with the tokenization platform Tokeny.
According to John Wu, president of Ava Labs (the company behind Avalanche), this initiative aims to move financial activity from the traditional market to the blockchain.
