Skybridge tokenizes the $300 million hedge fund on the Avax blockchain. The move places the avalanche as the main platform for RWAS. The Avax chart suggests a potential 45% price jump if the broader emotions improve.
Cryptocurrency has retreated from its recent peak, but Skybridge Capital, an alternative investment company for Anthony Scaramucci, is the basis for a supercharged avalanche (Avax).
Skybridge plans to tokenize $300 million worth of hedge funds on the Avalanche network, according to the latest press release.
Under this initiative, Skybridge’s Legion Strategies Ltd. and Digital Macro Masfer Fund Ltd. will tokenize Avax’s network through leading financial services providers Apex Group and Tokeny.
Skybridge CEO and founder Anthony Scarumucci commented on the move.
Tokenizing avalanche funds supported by Tokeny and Apex Group’s technology and operational infrastructure represents a significant advance in modernizing an alternative investment environment.
We look forward to bringing hedge funds into a digital, chain era and increasing investor transparency, liquidity and accessibility.
The news renewed sentiment about the potential of Avax amid the ongoing broad market bloodbath.
When Bitcoin falls below $114,000, digital assets trade in red.
Nevertheless, analysts see the current correction as a sound correction to the BTC’s all-time high of around $124,000.
As there are large altcoins on the radar of traders after the recent Ethereum Rally, this article checks out Avacs’ potential comebacks as market sentiment improves.
The Real World Assets (RWAS) sector is experiencing significant growth momentum as Defi and Tradfi converge.
Tokenization of hedge funds enriches the Avalance ecosystem as they already host tokenized credits, stocks, private equity, ventures and MMFs.
Avalanche hosts already tokenized MMFs, private equity, credits, equity, ventures and current hedge funds.
Avalanche tokenization bridges new distribution channels and programmable products to Tradfi and Defi.
This is where capital connects.
https://t.co/vezbo1c4ft– Avalanchešŗ (@Avax) August 19, 2025
With Skybridge’s decision, Avax is setting an impressive performance for upcoming sessions.
The price chart supports bullish cases and points to potential avax recovery at $32.
This means an increase of over 45% from Altcoin’s current price.
Why an avalanche?
Financial institutions do not become random when they advance into crypto.
Avalanche’s EVM compatibility, myopia finality, and scalability can attract skybridges.
The $300 million initiative unlocks the Avax platform for mass tokenization.
According to Danie Coheur, co-founder of Tokeny:
Skybridge’s tokenization regarding Avalanche proves that not only is it possible tokenization on a scale, but it is happening, thanks to the right technology, reliable operators and clarity of regulations.
Avax price outlook
While updating tokenization strengthens the avalanche foundation, widespread market weaknesses place emphasis on Avax’s performance.
Alt will be whivering for $22 after losing about 1.80% in the last 24 hours.
The Avacs remained relatively mild as the market crashed ahead of Powell’s expected speech.
Meanwhile, the avalanche appears poised to lift the next leg, especially if Skybridge succeeds in its plan.
Such stories coincide with bullish chart patterns.
Elliot Wave analysis shows that Avax has confirmed the Wave 2 correction.
This setup phase often precedes the large Wave Three Rally.
The structure highlights the potential recovery for a $32 ceiling.
This is a surge of around 45% from Avax’s market price.
However, broader improvements in market sentiment are still essential to supporting upside down.
Failure to overcome the $26-$27 obstacle could delay the expected Avax recovery.
