SkyBridge Capital to tokenize $300 million in funds on Avalanche

SkyBridge Capital, a US-based alternative investment firm, has partnered with Tokeny and Apex Group to tokenize two investment funds valued at approximately $300 million on the Avalanche blockchain network.

The initiative aims to bridge traditional finance and blockchain technology by converting investment funds into digital assets. Tokeny will provide the proprietary tokenization technology, while Apex Group, a global financial services provider managing over $3.5 trillion in assets, will support the financial services infrastructure.

The project is intended to enhance transparency, liquidity, and accessibility for both issuers and investors by utilizing blockchain-based fund infrastructure.