SkyBridge Capital, the investment firm founded by Anthony Scaramucci, plans to move about $300 million of assets from its Digital Macro Master Fund and Legion Strategies hedge funds onto the Avalanche blockchain, according to statements cited by Fortune and CoinDesk on Tuesday. The tokenization will use the ERC-3643 standard in partnership with Tokeny and its parent Apex Group, whose Digital 3.0 platform will handle issuance, administration and distribution. Scaramucci said the project represents roughly 10% of SkyBridge’s assets under management and is intended to shorten settlement times, enhance liquidity and provide investors with on-chain transparency. SkyBridge’s move highlights the growing institutional embrace of blockchain-based real-world asset tokenization. Research firm RWA.xyz estimates the value of tokenized traditional assets has more than doubled in the past year to over $26 billion, while Avalanche is positioning itself as a hub for such activity, hosting projects that range from tokenized property deeds to payment pilots with Visa.