Skybridge Capital, under the leadership of his manager Anthony Scaramucci, two hedge funds of approximately $ 300 million Avalanche $23.32 (AVAX) will turn it into crypto assets on the network. With this initiative, Digital Macro Master Fund and Legion Strategies funds will be traded in a digital environment with the cooperation with tokeny. Thus, it is aimed to change hands of traditional financial assets in the blockchain infrastructure more accessible, transparent and quickly.
Avalanche news
In the digital transformation project, Tokeny was selected for the tokens. Apex Group, the parent company of Tokeny, stands out with its asset management exceeding $ 3.5 trillion. With the acquisition of Tokeny this year, Apex will provide technical support over the digital 3.0, the digital platform. This platform undertakes the stages of exporting, managing and distributing assets as crypto token.
Skybridge Capital preferred the token standard Erc-3643 in this project. It is stated that the standard attaches importance to security and compliance in the field of digitalization of financial assets. In this way, it is aimed to open the funds to investors in digital environment with various advantages.
Blockchain technology seems to facilitate transparent and rapid transfer of traditional financial products. The world’s leading financial institutions adopt this method and try to obtain opportunities such as time saving and continuous access in reconciliation processes.
Another step similar to the project was taken by Vert Capital. The company announced a digital transport plan of approximately 1 billion dollars of debt and debt to the XDC network, and recently established a Tokenized Credit Platform on the XRP Ledger. In addition, the Securitized company Hamilton Lane, Apollo and KKR announced that various funds from institutions such as digital tokens to investors.
Future Foreigns
The market, which was created with the digital representations of traditional assets, has doubled in the last year to exceed $ 26 billion. The market is expected to reach a trillion dollar size by 2030. In the sector reports that evaluate the developments, McKinsey, Ripple 
$3.01 And BCG’s predictions stand out.
Skybridge Capital founder and CEO Anthony Scaramucci said the following;
Uz We are pleased to carry our funds to the new period of digital and blockchain.
The Avalanche Network aims to play a central role in the token assets by hosting similar projects. New Jersey’s Bergen County region announced that the title deeds of the $ 240 billion immovable property were digitized on this network, and that it is aimed to accelerate transactions and prevent fraud.
Experts evaluate that these developments can lead to the formation of new business models between the financial sector and technology, and that investors can meet alternative platforms and ecosystems.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
