SkyBridge Tokenizes $300M on Avalanche, Boosting Institutional RWA Presence
SkyBridge Capital's new partnership aims to tokenize $300 million in hedge funds on the Avalanche blockchain.
SkyBridge Capital's new partnership aims to tokenize $300 million in hedge funds on the Avalanche blockchain. Avalanche (AVAX) is trading at $8.64, down 0.6% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Sun, 01 Nov 2026 19:15:03 UTC.
This development highlights growing institutional interest in blockchain-based real-world asset tokenization and strengthens Avalanche's position in the RWA sector.
- SkyBridge Capital partners with Tokeny and Apex Group for $300M Avalanche tokenization.
- AVAX tests support between $8-$9.50 amid potential recovery signals.
- Avalanche TVL stands at $134.8M, down 1.9% over the past week.
- Avalanche Price Drops 5.7% Amid Mixed Signals on Institutional Blockchain Adoption
- SkyBridge Tokenizes $300M on Avalanche, Boosting Institutional RWA Presence — this brief
SkyBridge Capital has announced a partnership with Tokeny and Apex Group to tokenize $300 million in hedge fund investments on the 
Avalanche blockchain. This initiative aims to leverage blockchain technology for real-world asset (RWA) tokenization, demonstrating increasing institutional adoption of decentralized finance solutions.
The Avalanche network's total value locked (TVL) currently stands at $134.8 million, according to DeFiLlama, marking a 1.9% decrease over the past week. Despite this, the move by SkyBridge could potentially attract more institutional investors to the Avalanche ecosystem.
AVAX, the native token of the Avalanche network, is currently priced at $8.69, having gained 1.55% in the last 24 hours. However, it remains down 2.60% over the past week. The token is testing support levels between $8 and $9.50, with some analysts suggesting a potential recovery if it can reclaim key resistance levels.
The broader cryptocurrency market remains relatively flat, with a total market cap of $2.68 trillion. 
Bitcoin has seen a modest 0.41% increase in the last 24 hours, while the overall market sentiment, as measured by the Fear & Greed Index, remains in 'Fear' territory at 34.
The partnership between SkyBridge, Tokeny, and Apex Group underscores the growing trend of institutional investment in blockchain-based assets. As more traditional financial players explore blockchain technology, the demand for platforms like Avalanche is likely to increase, potentially driving further adoption and development in the sector.
Since this brief published about 2 hours ago, Avalanche (AVAX) has moved from $8.69 to $8.64 — -0.58%.
The chart plots AVAX's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 AVAX ≈ ₦11,903.76 (about $8.64), up 0.2% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SkyBridge Tokenizes $300M on Avalanche, Boosting Institution — questions & answers
What is SkyBridge Capital's new initiative on Avalanche?
SkyBridge Capital is tokenizing $300 million in hedge funds on the Avalanche blockchain through a partnership with Tokeny and Apex Group.
How is AVAX performing in the current market?
AVAX is currently priced at $8.69, up 1.55% in the last 24 hours but down 2.60% over the past week.
What is Avalanche's TVL and how has it changed recently?
Avalanche's TVL is $134.8 million, representing a 1.9% decrease over the past week.
How much is 1 Avalanche worth in naira today?
About ₦11,903.76 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $8.64. The naira price moves with both AVAX's US-dollar price and the USDT/NGN rate; use our Avalanche in naira page for any amount.
Has Avalanche's price moved since this brief was published?
AVAX is down 0.58% since this brief first published — trading at $8.64 now versus $8.69 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.