The Future of Tokenization

Scaramucci, a former Goldman Sachs executive who briefly served in the White House during Trump’s presidency, told Fortune, “I basically see the period from 2026 to 2027 as the age of real-world tokenization.”

SkyBridge Capital plans to deploy its tokenized funds on the Avalanche blockchain network. According to crypto analytics provider DefiLlama, Avalanche currently holds nearly $2 billion in assets on its network.

Fund Structure and Crypto Investments

Scaramucci stated that the amount being tokenized represents about 10% of the firm’s assets under management. One of the two funds focuses on cryptocurrencies like Bitcoin that have not been classified as securities. The other is a fund-of-funds, which includes SkyBridge’s other investment vehicles, covering both venture capital and crypto funds.

Reducing Transaction Fees and Cutting Out Middlemen

Experts say offering investment funds on decentralized networks can reduce fees and eliminate intermediaries. In traditional finance, there are often multiple parties between buyers and sellers, each verifying the origin of the asset, which slows down the process and adds costs.

Blockchain is a decentralized database, meaning no single party can tamper with stored information. Theoretically, ownership and authenticity of a financial asset can be verified directly on the blockchain without a middleman. Users can check the details themselves.

Moves by Institutional Giants

Although the benefits of tokenization have been praised for some time, putting real-world assets on the blockchain is still an emerging trend—but it is gaining momentum. Financial heavyweights like BlackRock, Franklin Templeton, and VanEck have recently issued money market funds on blockchains such as Solana and Aptos. In the future, investors may be able to buy and transfer their stakes in various funds directly, without repeatedly calling banks.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post SkyBridge Capital to Tokenize $300 Million on Avalanche! appeared first on Coin Engineer.

The upcoming book delves into real-world use cases of Solana, with a particular focus on how it could revolutionize the tokenization of financial assets. According to Scaramucci, Solana is rapidly evolving into the technological foundation for a new era of digital finance.

Solana’s Expanding Role in the Financial Sector

As the founder of SkyBridge Capital, Scaramucci revealed that his research includes in-depth interviews not only with Solana’s co-founders, Anatoly Yakovenko and Raj Gokal, but also with leading CTOs from major Wall Street institutions.

He noted that nearly $7 trillion is spent annually on transaction validation across the globe — a figure that blockchain technology could drastically reduce. Scaramucci emphasized that thanks to its speed, scalability, and low-cost architecture, Solana stands out as a prime candidate to lead this transformation.

“Just as Bitcoin serves as a settlement layer for money, Solana has the potential to be the core protocol for tokenized real-world assets like stocks and bonds,” he explained.

A New Era: On-Chain Public Offerings

Scaramucci also highlighted the potential of on-chain IPOs, which could significantly lower capital formation costs and open investment opportunities to populations traditionally excluded from legacy banking systems.

“You don’t need a bank account to participate in a blockchain-based IPO — all you need is a digital wallet,” he stated. He compared the traditional 7% underwriting fees with blockchain’s ability to offer equivalent services at a fraction of the cost.

Institutional Adoption on the Horizon

Despite ongoing regulatory uncertainty, Scaramucci argued that institutional adoption of blockchain is inevitable. While financial leaders like JPMorgan’s Jamie Dimon have expressed skepticism, Scaramucci believes that major firms will soon embrace protocols like Solana for custody, lending, and yield strategies.

He also confirmed that SkyBridge is actively developing strategies aligned with this future. “We’re entering a phase where digital assets will generate yield, not unlike how traditional finance works,” he said. “Solana will be one of the key layers enabling that transition.”

Demystifying Blockchain Through Solana Rising

With Solana Rising, Scaramucci aims to break down complex blockchain concepts into accessible language and advocate for greater regulatory and institutional acceptance of on-chain financial technologies.

This content does not constitute investment advice. The markets involve high risk and it is important that you do your own research before making any investment decisions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Scaramucci: “Solana Could Become the Backbone of Future Finance” appeared first on Coin Engineer.

What to Expect for Large Purchases?

According to Scaramucci, unless a clear regulatory framework for digital assets is established in the US, it is unlikely that SWFs will make large-scale Bitcoin purchases. He emphasized that progress should be made, especially on stablecoin regulations, providing guidance to traditional banks on the storage of digital assets, and tokenization of stocks and bonds. Scaramucci stated that if such regulations are implemented, SWFs could make half a billion dollars’ worth of Bitcoin purchases, and this would contribute to Bitcoin being accepted as part of the infrastructure of the financial system.

This article may also interest you: Metaplanet Outperforms MicroStrategy in Bitcoin Investment

How Cathie Wood Comments on Bitcoin

ARK Invest CEO Cathie Wood predicts that Bitcoin could exceed $1 million by 2030. Wood bases this prediction on factors such as increasing institutional adoption, Bitcoin’s limited supply, and regulatory clarity. She also states that Bitcoin’s acceptance as a new asset class will lead to it becoming more widely available in investment portfolios. Wood says that the approval of Bitcoin ETFs will also accelerate this process and strengthen Bitcoin’s role in the financial system.

Scaramucci and Wood’s views suggest that regulatory uncertainty is the biggest obstacle to institutional adoption of Bitcoin. Clear and comprehensive regulations for digital assets in the US could increase interest in Bitcoin from SWFs and other large institutional investors. This could lead to significant increases in Bitcoin’s price and general acceptance.

Click now for the latest cryptocurrency news.

The post Billion Dollar Predictions from Scaramucci and Wood! appeared first on Coin Engineer.

Legal Battle Between 3AC and FTX

In a case heard in the Delaware Bankruptcy Court, Chief Judge John Dorsey rejected objections from FTX creditors. The FTX side argued that 3AC‘s claim was untimely and an attempt to delay the process. However, the court ruled that FTX‘s delayed response in providing necessary documents had caused the delay.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

3AC initially filed a $120 million claim in June 2023. Later, in November 2024, it increased this amount to $1.53 billion, alleging that FTX had engaged in unjust enrichment and failed to fulfill its obligations. According to 3AC, FTX liquidated $1.33 billion of its funds in 2022, causing significant financial damage.

Current Status of the FTX and 3AC Case

FTX objected to 3AC‘s amended claim, arguing that it was filed too late and lacked sufficient information. However, the court determined that 3AC‘s delays resulted from FTX withholding critical records, leading to the approval of the increased claim.

As the FTX bankruptcy proceedings continue, the exchange has also filed lawsuits against SkyBridge Capital, Binance, and Waves to recover lost funds. FTX is actively pursuing legal action to reclaim assets linked to former CEO Sam Bankman-Fried‘s past financial decisions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Three Arrows Increases Its FTX Claim to $1.53 Billion! appeared first on Coin Engineer.