SkyBridge Capital, under the leadership of Anthony Scaramucci, is initiating a significant transformation by converting two hedge funds worth approximately 300 million dollars into crypto assets on the Avalanche platform.
Tokenization and Its Capabilities
Tokeny has been selected for the tokenization processes in this digital transformation project. As part of the Apex Group, which manages assets exceeding 3.5 trillion dollars, Tokeny is poised to provide technical support through the Digital 3.0 platform. In this project, SkyBridge Capital has opted for the ERC-3643 token standard, emphasizing security and compliance, especially in digitizing financial assets.
Future Prospects
The market for digital representations of traditional assets has doubled over the past year, now exceeding 26 billion dollars, and is projected to reach a size of one trillion dollars by 2030. Reports from industry experts such as McKinsey and BCG support these forecasts. The Avalanche network aims to play a central role in tokenizing assets.
Expert Opinions
Anthony Scaramucci, Founder and CEO of SkyBridge Capital, expressed his enthusiasm for this transformation, stating:
> "We are delighted to transition our funds to the new era of digital and blockchain. We aim to offer new possibilities to our investors in terms of transparency, liquidity, and accessibility by converging traditional finance with smart and efficient blockchain investment solutions."
SkyBridge Capital's transformation underscores the growing role of blockchain in traditional financial systems and may facilitate the emergence of new business models in the finance and technology sectors.
