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Scaramucci’s Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche

by admin August 20, 2025

SkyBridge Capital, Anthony Scaramucci’s investment management firm, plans to tokenize $300 million worth of its hedge funds on the Avalanche

network.

The firm is bringing its Digital Macro Master Fund and Legion Strategies on-chain in partnership with tokenization provider Tokeny and its parent, Apex Group, which manages more than $3.5 trillion in assets, according to the press release shared with CoinDesk on Tuesday. Apex acquired Tokeny earlier this year.

The initiative uses the ERC-3643 token standard with operational support from Apex’s Digital 3.0 platform, which handles issuance, administration, and distribution.

SkyBridge’s decision underlines the growing appeal of using blockchain rails to transfer and record ownership of traditional financial instruments like bonds, funds and stocks, a process often dubbed tokenization of real-world assets (RWA). Global banks and asset managers are exploring this technology to cut settlement times, increase transparency and keep markets open around the clock.

Securitization firm VERT Capital announced to tokenize $1 billion of debt and receivables on XDC network and debuted a tokenized credit platform on XRP Ledger, while tokenization specialist Securitize also offers tokens of various funds by Hamilton Lane, Apollo and KKR.

The tokenized RWA market has doubled over the past year, surpassing $26 billion, per RWA.xyz data, and is projected to grow into a trillion-dollar market by 2030, according to reports by McKinsey, Ripple, BCG and others.

“We look forward to bringing our hedge funds into the digital, on-chain era, improving transparency, liquidity, and accessibility for our investors, and demonstrating how traditional finance and blockchain can work together to create smarter, more efficient investment solutions,” SkyBridge Capital founder and CEO Anthony Scaramucci said in a statement.

Avalanche increasingly aims to position itself as a hub for tokenized assets. Bergen County in New Jersey uses the network to digitize property deeds of $240 billion in real estate, combating fraud and cutting processing time.

Read more: Stellar Development Foundation Invests in Archax, Aiming to Boost Tokenization

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August 20, 2025 0 comments

GameFi Guides

SkyBridge Capital to Tokenize $300M on Avalanche Blockchain

by admin August 20, 2025

Anthony Scaramucci, the founder and CEO of SkyBridge Capital, said on Tuesday that his company will move around $300 million from two funds into tokenized form on the blockchain. This is about 10% of SkyBridge’s total assets under management

Tokenization is a topic that has been picked up in the finance space recently. It simply creates digital versions of real-world assets that can be traded on a blockchain just like Bitcoin or stablecoins. This is meant to make them easier and faster to exchange.

“I’m basically seeing 2026 into 2027 as the age of real-world tokenization,” Scaramucci said in an interview. He also predicted that more assets will shift to the blockchain in coming years.

$300 Million Set for Tokenization on Avalanche Blockchain

According to reports, SkyBridge will place its tokenized funds on Avalanche, a blockchain network that currently holds close to $2 billion worth of assets.

To carry out the plan, the firm will work with Tokeny, a company that helps investment managers turn traditional funds into blockchain-based products for wider access and easier trading.

One of the funds set for tokenization invests in cryptocurrencies such as Bitcoin, which the Securities and Exchange Commission has not categorized as securities, according to SkyBridge’s latest investor disclosure.

The second fund is described as a “fund of funds,” combining SkyBridge’s other vehicles, including its venture fund and its crypto-focused investments, giving token holders access to multiple strategies.

Tokenization is believed to cut costs and remove middlemen who usually check, process, and charge fees whenever financial products change hands.

Because blockchains act as decentralized databases, every transaction and asset record is transparent and verifiable, allowing anyone on the network to confirm ownership without needing outside verification.

A Future Without Spreadsheets and Bank Calls

Moveover, tokenization is gaining momentum among corporate companies, For instance, firms like BlackRock, Franklin Templeton, and VanEck recently launched tokenized money market funds on blockchains like Solana and Aptos.

Those who support this move picture a future where investors easily buy, sell, and move fund stakes on blockchain platforms without spreadsheets, wire transfers, or repeated communication with banks and financial middlemen.

According to John Wu, president of Ava Labs, the company behind Avalanche. “Ultimately, we want to achieve two things: bring activity on-chain from the traditional finance world and show the world that this technology can benefit them in terms of cost savings.”

Also Read: Ethereum Whales Panic-Sell as $ETH Price Drops

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August 20, 2025 0 comments

GameFi Guides

Cardone Capital Scoops 1000 BTC, Plans Another $300M Bitcoin Buy

by admin June 22, 2025

Cardone Capital, run by entrepreneur Grant Cardone, has bought around 1,000 Bitcoin. This move makes them the first real estate company to fully integrate BTC into their business strategy.

As per the post from Grant Cardone, the company already owns over 14,200 rental units and half a million square feet of top-rated office space. Now, they’re combining those real estate assets with Bitcoin, calling both “best-in-class” investments. Cardone Capital isn’t stopping at 1,000 BTC. The company plans to buy an additional 3,000 BTC and expand its real estate portfolio with another 5,000 units by the end of this year.

Currently, Bitcoin is trading at around $102,000. At this price, Cardone Capital’s BTC holding is worth over $100 million. If the company follows through with its plan to acquire 3,000 more BTC, its total crypto holdings could exceed $400 million.

The move follows a growing trend of institutional Bitcoin adoption, echoing the strategies of companies like Tesla and Strategy. Even, MicroStrategy founder and well-known Bitcoin advocate Michael Saylor congratulated the move, replying to Cardone on X (formerly Twitter) with, “Congratulations on acquiring 1000 BTC.”

With real estate and crypto often seen as opposing ends of the risk spectrum, this combination could appeal to a new class of hybrid investors.

Also Read: Bitcoin Crash Can Kill Michael Saylor’s Strategy: Wall Street Analysts

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June 22, 2025 0 comments

Crypto Trends

Chinese Firm Files $300M XRP Plan with SEC. What’s Going On?

by admin June 4, 2025

Webus International Limited, a company that offers AI-driven mobility solutions, has filed Form 6-K with the U.S. Securities and Exchange Commission (SEC) to inform the regulator about its intention to set up an XRP treasury.

As reported by U.Today, the Hangzhou-based firm initially announced the plan last week.

On Monday, the firm signed an agreement with US-based investment advisor Samara Alpha Management that has set the framework for its future crypto operations.

The initiative is meant to support instant international payments for its chauffeur services as well as booking programs. This essentially means that the XRP token will be integrated into the company’s business model.

Interpol Arrests ‘Madam Ngo’ in Bangkok for $300M Crypto Scam

by admin May 28, 2025

Interpol, an international police organization, has arrested a woman named Ngo Thi Theu, also called Madam Ngo, in Bangkok, Thailand. She has been arrested for running a $300 million crypto scam that tricked over 2,000 people. The arrest happened in the Watthana area.

The 30-year-old from Vietnam was caught in a hotel with two bodyguards, Ta Dinh Phuoc, 38, and Trong Khuyen Trong, 41, who were also arrested for staying in Thailand longer than their visas allowed.

As per the reports, ‘Madam Ngo’ has assured the people that if they invest in her crypto scheme, they will make a 20-30% profit each month. And as soon as the people invested in her fake crypto scheme, she stole their money and hid it through a complicated money-laundering system. Police from Thailand and Vietnam have worked together to find her.

The scam run by ‘Madam Ngo’ was huge and has shocked many people in the crypto world. She targeted people mostly from Vietnam. Fraudsters used famous people and influencers to manipulate people into trusting them. This plan has helped the scammers to reach more people.

Now, the police of Thailand and Vietnam are working together to figure out how scammers hid the stolen money. This case reminds everyone that the crypto world can be risky because it’s not fully regulated, and investigations are still going on. Additionally, the incident highlights the increasing sophistication and cunning of crypto scams and why countries need to work together to stop such fraud.

Also Read: Crypto Investors Lost $2.6 Million to Phishing Scam

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May 28, 2025 0 comments

Liquidations across all digital assets (CoinGlass)

Crypto Trends

Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls

by admin May 23, 2025

Crypto traders betting on a steady bitcoin

rally got a sharp reminder of headline risk from Donald Trump’s latest tariff threats.

Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news.

Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum’s ether

followed with close to $87 million. Other tokens, including Solana’s SOL , dogecoin , and SUI saw liquidations ranging between $10 million and $18 million.

Liquidations across all digital assets (CoinGlass)

“Nice aggregate flush of long leverage and de-risk selling from spot,” well-followed crypto trader Skew noted in an X post early Friday. “All driven by headlines once again.”

The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war.

As a result, BTC and major altcoins such as Ether

, XRP , and Cardano fell 3% to 4%, while smaller-cap tokens like Uniswap and SUI dropped 5% to 7% over the past 24 hours.

Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X.

Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on Thursday.

Read more: Why Are Bitcoin Traders Aggressively Shorting as BTC Hits New Record High?

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May 23, 2025 0 comments