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tokenize

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

Crypto Trends

Central African Republic to Tokenize Land Using National Solana Meme Coin

by admin May 31, 2025

In brief

Starting in June, more than 1,700 hectares of land west of the capital Bangui will be tokenized and sold online using the $CAR token via the Solana blockchain.
The presidential decree cites the country’s mining code and tokenization laws, indicating the land may be designated for mining activities such as gold or diamond extraction.
The $CAR token rose 21% on the day of the announcement and is up over 127% this week, though gains began prior to the news.

The Central African Republic’s national meme coin, $CAR, surged on Thursday mere hours before President Faustin-Archange Touadéra announced the country would begin tokenizing over 1,700 hectares of land.

“Starting June, land concessions will be accessible online using $CAR, directly on Solana,” Touadéra said Thursday on X. He also shared a presidential decree authorising the tokenization of the land. “A new era of access and transparency begins.”

The decree marks the country’s latest effort to integrate crypto with national development.

The land, which spans an area equivalent to almost 2,500 football pitches, is situated west of the village of Bossongo, located 45 km west of the capital, Bangui.

The decree also references the country’s mining code and 2023 laws related to tokenizing natural resources, suggesting that the land may be used for mining purposes.

The industry is big business in the country—Russia’s Wagner Group has run several mining projects there during Touadéra’s tenure, particularly when it comes to gold and diamonds.

However, the price began rising well before the official announcement was made. After hovering around $0.025 on May 26, $CAR experienced notable gains earlier this week.

$CAR is up 21% on the day to $0.05. It’s up more than 127% over the past week, according to CoinGecko, with a current market cap of $56.63 million and over 18,400 holders.

$CAR was launched in February after President Touadéra posted a flurry of social media messages declaring the coin an experiment in uniting citizens and spotlighting the country on the global stage.

The token briefly hit a peak market cap of $884.31 million a day after launch, before crashing due to unclear utility and waning interest. Despite the current rally, the coin remains down 92.7% from its all-time high of $0.7.

Even still, President Touadéra has continued to post about it regularly on X.

Reminiscent of Donald Trump’s $TRUMP token rollout, Touadéra also offered the top 100 $CAR holders a chance to meet him in Dubai on April 30.

The land tokenization push comes amid the winding down of CAR’s earlier crypto venture, Sango Coin. Launched in 2022 as a national digital currency initiative, the project sparked controversy and frustration among investors.

On April 29, the Sango team said, “The original Sango project… will not continue in its previous form” but hinted at a reboot.

“After careful consideration and strategic planning, we are preparing a new direction that honors the initial ambition, but adapts it to a stronger path forward,” it wrote on X at the time.

Edited by Sebastian Sinclair

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May 31, 2025 0 comments

Crypto Trends

Central African Republic to tokenize over 1,700 hectares of land through CAR meme coin

by admin May 30, 2025

Central African Republic President Faustin-Archange Touadéra announced that in June, over 1,700 hectares of land in the region will be tokenized through the Solana-based meme coin CAR. The meme coin has long sparked suspicion among traders.

On May 30, Touadéra posted on his X account that he has signed a presidential decree that would tokenize over 1,700 hectares of land and make it available on the Solana (SOL) chain by June 2025. The land concession would be available online for traders across the globe by purchasing the meme coin CAR, which Touadéra dubs the “national meme coin” of the state.

The land is reportedly located in the western area of Bosongo village, 45 kilometers west of the nation’s capital, Bangui. The presidential decree refers to the country’s mining code and its 2023 laws regarding the tokenization of natural resources. This implies that the land may be intended for mining purposes.

After Touadéra’s announcement on X, the Central African Republic meme coin jumped more than 20% based on data from CoinGecko. CAR’s daily trading volume also rose by 31.9% compared to the previous day of trading, indicating a rise in trading activity. The Solana-based token has seen major gains in the past few weeks, rising by more than 182% in the past week and more than 216% in the past month.

Price chart for the meme coin CAR in the past 24 hours, May 30, 2025 | Source: CoinGecko

The token is currently up by 10.7% and is trading hands at $0.05. It has accumulated a market cap of $53 million since its launch last February. The token’s market cap briefly soared past $884 million, before crashing not long after the launch.

Last month, the top 100 holders of CAR were invited to Dubai to meet with Central African Republic President Touadéra, in a move similar to Donald Trump’s invite-only dinner for the top 220 holders of the official TRUMP (TRUMP) meme coin on May 22.

Controversy surrounding Central African Republic’s meme coin

On Feb. 10, the Central African Republic announced the launch of its own meme coin, CAR. President Faustin-Archange Touadéra called the project an experiment designed to “unite people, support national development, and put the Central African Republic on the world stage in a unique way.”

After a meteoric rise to an all-time high of $0.775 on launch day, the meme coin crashed. Its market cap fell more than 50% from $884 million to $460 million. The drop was fueled by deepfake allegations, website and account suspensions, and questionable domain registrations which made traders suspicious of whether the project was actually trustworthy.

Several AI detection tools flagged the president’s announcement video as AI-generated. Moreover, the meme coin’s official X account was suspended suddenly without explanation. The president then went on X to clarify that his team was working to restore the account as soon as possible.

Yokai Ryujin, founder of UnrevealedXYZ, also pointed out that the meme coin’s registered domain was registered on a budget-friendly domain provider only three days before the announcement. According to Ryujin, this was odd considering the token is supposed to be a government-backed initiative.

Shortly after, Namecheap suspended the website, confirming that it had been flagged as an “abusive service.”

At press time, the president’s post included a link to a website which contains the description for the meme coin and its purpose. The site also contained the coin’s address and the exchanges that list it.

“Born as a meme, built for utility. $CAR started as a presidential meme coin —now we’re driving toward real-world impact,” wrote the website’s description.

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May 30, 2025 0 comments

GameFi Guides

Real estate platform StegX to tokenize $100m of RWA on Hedera

by admin May 29, 2025

Hedera’s traction in the real-world assets market is set for a major boost, thanks to $100 million worth of real-world assets coming on-chain via institutional real estate platform StegX.

The Hedera Foundation, which supports the development of the Hedera (HBAR) blockchain network, revealed the huge news on May 29, 2025, noting in a blog post that its partnership with StegX will see the real estate platform deploy more than $100 million in real estate tokens on Hedera.

The partnership also involves Zoniqx, a Silicon Valley-based firm focused on bridging real-world assets to the decentralized finance ecosystem via compliant and interoperable blockchain infrastructure. Zoniqx’s Dynamic Compliant Interoperable Security Token, or DyCIST, is the standard for ERC-7518 aimed at institutional tokenization.

Zoniqx’s standard allows for the embedding of jurisdiction-aware compliance at the token layer, as well as the automation of know-your-customer and anti-money-laundering enforcement. KYC and AML are key compliance requirements that have slowed institutional entry into the tokenized real-world asset market.

StegX’s deployment of the tokens will leverage the security token standard ERC-7518, with this allowing the platform to tokenize regulated assets. Hedera Foundation said the platform’s move is one that “shifts tokenization from theory to execution.”

“By integrating the ERC-7518 token standard on the Hedera network, the StegX marketplace is not only pioneering a new era of asset tokenization but also ensuring that every transaction is executed according to the regulations of the issuers,” said Daniel Radwansky, chief executive officer and co-founder of StegX. “Our partnership with Zoniqx fortifies this vision, providing a fully digital and compliant pathway for institutional investors to access premium tokenized real-world assets,” Radwansky added.

The Hedera Foundation’s collaboration with StegX and Zoniqx comes just a day after Verra, a global carbon standard leader with over 1 billion carbon credits issued, integrated with Hedera. Verra accounts for over 60% of the global carbon credits market.

The HBAR Foundation also recently partnered with asset tokenization platform Tokeny as it looks to bring compliant real-world asset tokenization to the Hedera network. In February, the HBAR Foundation invested in Fidelity International’s money market fund, with the shares tokenized by Archax.

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May 29, 2025 0 comments