SkyBridge Capital to tokenize $300 million in funds on Avalanche with Apex Group

Avalanche is drawing renewed attention from institutional investors as SkyBridge Capital, a prominent US-based alternative investment firm, partners with Tokeny and Apex Group to tokenize two investment funds valued at approximately $300 million on its blockchain network. SkyBridge Capital is collaborating with Tokeny, a Luxembourg-based firm specializing in asset tokenization, and Apex Group, a global financial services provider managing more than $3.5 trillion in assets. The initiative seeks to bridge the gap between traditional finance and blockchain by converting traditional investment funds into blockchain-based assets via Tokeny’s proprietary technology.

Source: CoinTurk News