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Fortune

Ben Weiss

Anthony Scaramucci’s SkyBridge Capital to tokenize $300 million on Avalanche

Anthony Scaramucci Skybridge Avalanche SkyBridge Capital Goldman Sachs Crypto Bitcoin Fortune

(Credit: Alan Chapman—Dave Benett/Getty Images)

Another investment firm is putting funds on the blockchain. Anthony Scaramucci, founder and managing partner of SkyBridge Capital, announced Tuesday that his company plans to hold around $300 million from two funds in the form of tokenized assets. SkyBridge’s move comes amid a wave of enthusiasm for what the crypto industry calls tokenization. The process entails creating digital token versions of real-world assets like Treasury bills, which can be easily traded on a blockchain in the same way as Bitcoin or stablecoins.

“I’m basically seeing 2026 into 2027 as the age of real-world tokenization,” Scaramucci, a former Goldman Sachs executive who had a brief stint at the White House during President Donald Trump’s first term, told Fortune.

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