SkyBridge Capital Partners with Tokeny to Tokenize $300M in Hedge Funds on Avalanche

SkyBridge Capital is tokenizing $300 million of its hedge funds on the Avalanche blockchain, marking a major milestone in the integration of traditional finance with Web3. The initiative involves Tokeny (a leader in enterprise tokenization) and Apex Group (via its Digital 3.0 platform), using the ERC-3643 standard for compliant real-world asset (RWA) tokenization. Avalanche was chosen for its institutional-grade architecture, high transaction speed and scalability, near-instant finality and EVM compatibility.

Why It Matters?

The technology enables to create smart contracts for asset management, compliance and liquidity taking advantage of compliant DeFi infrastructure using standards like ERC-3643. The standard application could be a wide access to hedge funds via fractional ownership.