Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, has revealed plans to tokenize approximately $300 million from two of the firm’s funds on Avalanche.

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SkyBridge To Put 10% Of Assets On Avalanche Chain

Scaramucci’s SkyBridge Capital intends to convert a portion of its assets into tokenized form, a process that involves creating digital tokens representing real-world assets. These tokens can be traded easily on a blockchain, similar to cryptocurrencies like Bitcoin or stablecoins. The company will utilize the Avalanche AVX/USD blockchain, which currently hosts nearly $2 billion in assets, as per…

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