Anthony Scaramucci’s SkyBridge Capital to Tokenize $300M on Avalanche

Anthony Scaramucci is taking his next big swing in crypto—this time with tokenization. The SkyBridge Capital founder and CEO announced that his firm will move roughly $300 million from two of its funds onto Avalanche, bringing traditional assets on-chain in a move he believes marks the beginning of a new era.

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“I’m basically seeing 2026 into 2027 as the age of real-world tokenization,” Anthony Scaramucci told Fortune Crypto in a recent interview.

10% of SkyBridge’s Portfolio Goes On-Chain

The $300 million represents about 10% of SkyBridge’s assets under management. The firm will tokenize two funds: one focused on cryptocurrencies like Bitcoin that have not been classified as securities by the SEC, and a second “fund of funds” made up of SkyBridge’s broader investment vehicles, spanning venture and crypto.

The move comes at a time when tokenization—digitizing real-world assets like Treasury bills or investment funds so they can trade on a blockchain—has become one of the most talked-about trends in finance.

Why Avalanche?

SkyBridge will issue its tokenized products on Avalanche, the Layer-1 blockchain that currently secures nearly $2 billion in assets, according to DeFiLlama. To execute the transition, the firm is partnering with Tokeny, a specialist in tokenization solutions.

For Avalanche, the deal underscores its push to attract institutional finance.
“Ultimately, we want to achieve two things. One is to bring activity on chain from the traditional finance world and also show the world that this technology can benefit them in terms of cost savings.”

John Wu, President of Ava Labs
The Tokenization Wave

While tokenization has long been hyped as the future of finance, its real adoption is just beginning to materialize. Major players like BlackRock, Franklin Templeton, and VanEck have already launched tokenized money market funds on chains such as Solana and Aptos. Advocates argue that decentralized networks slash fees, reduce settlement times, and eliminate the need for layers of middlemen that traditionally slow down transactions and inflate costs.

Blockchains provide transparency by design: ownership records and fund details can be verified directly on-chain, without spreadsheets, endless phone calls, or reliance on banks to wire funds.

The Bigger Picture

SkyBridge’s $300 million bet is not just a play on Avalanche—it’s a signal that traditional finance is beginning to take tokenization seriously. If Scaramucci is right, the next few years could see a fundamental shift in how capital moves around the globe, with blockchain technology sitting at the core.