SkyBridge Capital has announced plans to tokenize hedge fund strategies on the Avalanche platform, highlighting the growing interest in tokenizing real-world assets.
Overview of SkyBridge Updates
SkyBridge Capital, founded by Anthony Scaramucci, has announced its initiative to tokenize $300 million in hedge fund strategies on the Avalanche platform. This represents one of the largest steps toward institutional tokenization in 2025 and strengthens Avalanche's position as a hub for real-world asset tokenization.
Market and Price of Avalanche
Currently, Avalanche (AVAX) is priced at $22.81, registering a daily increase of 1.59%. The market capitalization of AVAX stands at $8.9 billion, keeping it among the top 20 cryptocurrencies. Key growth drivers include strong liquidity and DeFi integrations.
Expansion of Subnet Ecosystem
The Avalanche subnet ecosystem continues to grow, supporting the development of gaming, DeFi, and enterprise-focused blockchains. Recent upgrades optimize validator incentives and improve gas efficiency, making Avalanche competitive against Ethereum and Solana. Integrations with USDC and cross-chain bridges enhance liquidity accessibility.
SkyBridge's initiative emphasizes the growing trend of real-world asset tokenization on the Avalanche platform, showcasing the potential of this technology in future financial instruments.
