SkyBridge Capital has announced a $300m tokenisation initiative involving two of its flagship hedge funds—Digital Macro Master Fund Ltd and Legion Strategies Ltd—on the Avalanche blockchain.
The move marks a significant step in integrating decentralised infrastructure with traditional finance.
The initiative is being facilitated by Tokeny, a tokenisation platform recently acquired by Apex Group, which manages over $3.5trn in assets. The collaboration will utilise the ERC-3643 token standard and Apex’s Digital 3.0 platform to support the full investment lifecycle, including fund creation, issuance, administration, and distribution.
Avalanche was selected for its institutional-grade infrastructure, offering high transaction throughput and near-instant finality. The platform’s compatibility with Ethereum’s Solidity language and its support for real-world asset (RWA) tokenisation have made it a preferred choice for enterprise-grade deployments.
Anthony Scaramucci, founder of SkyBridge, described the initiative as a key advancement in modernising alternative investments. John Wu, president of Ava Labs, said the partnership signalled growing institutional interest in blockchain-based financial instruments.
The tokenisation process will be executed under Apex Group’s infrastructure, aiming to reduce operational friction and improve investor access. Daniel Coheur, global head of digital assets at Apex and co-founder of Tokeny, noted that the project demonstrates how regulatory clarity and robust technology can overcome institutional barriers.
