Anthony Scaramucci's SkyBridge Capital is set to tokenize $300 million in assets from two of its funds on the Avalanche blockchain. This initiative will nearly double Avalanche's real-world asset (RWA) tokenization value, marking a significant step in integrating traditional finance with blockchain technology.

SkyBridge Capital, founded in 2005, is partnering with Tokeny, a tokenization firm, to facilitate this process. The tokenization will involve two funds: one composed of cryptocurrencies like Bitcoin and another "fund of funds" that includes both venture and crypto assets. This move represents approximately 10% of SkyBridge Capital's assets under management.

Tokenization involves converting rights to an asset into a digital token on a blockchain. These digital representations can be managed, traded, and settled with greater efficiency and transparency. Scaramucci believes tokenization can outperform current systems by enabling faster, cheaper, and more secure transactions. He predicts the era of RWA tokenization will fully arrive between 2026 and 2027.

The benefits of tokenizing real-world assets are compelling:

• Increased Liquidity: Tokenization can fractionalize high-value assets like real estate or art, making them accessible to a wider range of investors and improving market liquidity.
• Enhanced Transparency: Blockchain's immutable ledger provides greater transparency.
• Reduced Operational Costs: Automated smart contracts can lower operational costs.
• Faster Transaction Settlements: Tokenization can lead to quicker transaction settlements.

Avalanche is a layer-1 blockchain known for its speed and scalability. As of August 2025, it has $1.9 billion in total value locked. According to RWA.xyz, Avalanche ranks 12th among all blockchains with $188 million in RWA tokenization value. SkyBridge's decision to tokenize assets on Avalanche reflects growing confidence in public blockchain networks to handle complex financial instruments.

Several financial giants, including BlackRock and Franklin Templeton, have also ventured into asset tokenization on blockchain platforms. JPMorgan has developed tokenization platforms like Onyx Digital Assets to facilitate repo transactions and intraday liquidity.

Challenges for real-world asset tokenization remain, including regulatory hurdles and the need for cross-chain interoperability standards. However, SkyBridge Capital's move to tokenize $300 million on Avalanche is a landmark event in the evolution of finance. It highlights blockchain technology's potential to revolutionize how assets are owned, managed, and traded, shaping the financial landscape for years to come.