TLDR:
SkyBridge Capital will tokenize $300M hedge funds on Avalanche using Tokeny’s ERC-3643 standard and Apex’s infrastructure.
The tokenization covers the full investment cycle from creation to issuance, administration, and distribution on Avalanche.
Two funds, Digital Macro Master Fund and Legion Strategies, will be tokenized for transparency, liquidity, and on-chain access.
Avalanche now hosts tokenized money market funds, private equity, credit, stocks, venture, and hedge funds on-chain.
A new wave of institutional adoption is hitting the blockchain space. SkyBridge Capital confirmed that $300 million of its hedge funds will soon be tokenized and issued on the Avalanche network.
The initiative brings hedge fund investing into a blockchain-based environment for the first time at this scale. It also creates new access routes for investors that have traditionally relied on slow, off-chain infrastructure.
The move signals a deeper shift in how traditional funds interact with digital rails.
$300M Hedge Funds Tokenized On Avalanche
According to a blog post by Avalanche, SkyBridge Capital is collaborating with Tokeny and Apex Group to tokenize two of its flagship funds. The two funds moving on-chain are the Digital Macro Master Fund Ltd and Legion Strategies Ltd.
Tokeny, which recently became part of Apex Group, will apply its ERC-3643 tokenization standard. Apex will handle the operational side through its Digital 3.0 platform. This single platform covers every stage of the fund lifecycle, from creation to distribution, with blockchain integration built in.
Anthony Scaramucci, SkyBridge’s founder, described the step as a way to improve liquidity and transparency for institutional investors. He added that this transition shows how blockchain can streamline investment products while keeping them under robust administration.
The $300 million tokenization makes hedge funds one of the latest real-world asset classes to land on Avalanche. The network already supports tokenized offerings in private credit, money markets, and private equity.
$300M more in RWAs tokenized on Avalanche — where capital connects among Institutions. 
@SkyBridge is tokenizing its flagship funds with @TokenySolutions + @ApexGlobalGroup, bringing institutional alternatives into the onchain era. pic.twitter.com/B2dqC6qJIk
— Avalanche (@avax) August 19, 2025
Avalanche Chosen For Institutional Tokenization
SkyBridge opted for Avalanche because of its institutional-grade design. The blockchain offers fast settlement and near-instant transaction finality. These traits are critical for handling large-scale fund transfers and investor allocations.
John Wu, president of Ava Labs, said the deal validates Avalanche as a platform that connects institutional capital. He explained that the project with SkyBridge, Tokeny, and Apex shows that large-scale tokenization is moving beyond pilots and into full operations.
Daniel Coheur of Apex added that the effort demonstrates how regulatory and operational hurdles can be resolved when the right infrastructure is in place. He pointed out that tokenization at scale is no longer a theoretical plan but a working model.
SkyBridge’s decision builds on Scaramucci’s long-standing push to blend digital assets with traditional finance. His network across pensions, sovereign wealth funds, and family offices positions the initiative to bring new institutional flows into on-chain structures.
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