- SkyBridge Capital will tokenise approximately US$300 million from two funds on the Avalanche blockchain, representing about 10% of its total assets under management.
- The tokenisation involves one cryptocurrency fund and one fund-of-funds structure, with CEO Anthony Scaramucci identifying 2026-2027 as pivotal years for this technology.
- Tokenisation creates blockchain representations of traditional assets, potentially reducing costs and eliminating intermediaries while improving transparency through decentralised ledgers.
- Major asset managers including BlackRock, Franklin Templeton and VanEck have already launched tokenised money-market products, signalling growing institutional adoption of blockchain-based financial instruments.
SkyBridge Capital is preparing to shift a substantial portion of its portfolio onto the blockchain. Founder and CEO Anthony Scaramucci said the firm will tokenise about US$300 million (AU$465 million) of assets drawn from two funds – around 10% of total assets under management – on Avalanche, according to Fortune.
Avalanche, a smart contract blockchain, has become a favoured venue for real-world asset (RWA) projects and currently supports nearly US$2 billion (AU$3.09 billion) in assets.
One of the two SkyBridge funds slated for tokenisation invests directly in cryptocurrencies such as Bitcoin, which regulators have not classified as securities.
The second is structured as a fund of funds, providing exposure to a mix of SkyBridge’s venture and crypto strategies.
Scaramucci told Fortune he sees 2026 and 2027 as defining years for tokenisation, suggesting the practice will become a central theme in the next phase of digital asset growth. The firm will work with Tokeny, a company that specialises in tokenisation infrastructure, to carry out the plan.
Related: Illinois Tightens Crypto Rules as Pritzker Slams Trump’s ‘Crypto Bros’
Tokenisation Trend Gains Institutional Backing
Tokenisation turns traditional financial assets into blockchain-based versions that can be traded like cryptocurrencies, with supporters saying it cuts costs, removes intermediaries, and boosts transparency compared to conventional fund structures that rely on multiple third parties.
Although still in its early stages, tokenisation is gaining traction among major financial players. As Fortune notes, asset managers including BlackRock, Franklin Templeton, and VanEck have already brought money-market products onto blockchains such as Solana and Aptos.
Advocates envision a future where investors can buy and sell fund stakes without traditional back-office frictions.
John Wu, president of Ava Labs, the team behind Avalanche, told Fortune the initiative has two main goals: bringing trad-fi on-chain and proving that blockchain can deliver tangible cost savings.
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 LabsIf successful, SkyBridge’s move could underscore tokenisation’s potential to reshape how investment funds are structured and traded.
Related: South Korea Halts Crypto Lending Amid Regulatory Uncertainty
In Australia, Project Acacia has recently made headlines in the tokenisation sector.
They’re testing digital finance at scale by letting fourteen major institutions move real money through tokenised bonds, private funds, and even a wholesale CBDC, with officials projecting up to AU$19 billion in annual gains.
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