Anthony Scarmocchi in Capitig

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Another investment company is to put money on Blockchain. Anthony Scammuchi, founder and CEO of Skybridge Capital, announced on Tuesday that his company planned to hold about $ 300 million of two funding in the form of symbolic assets. The Skybridge step comes in a wave of enthusiasm for what you call the distinctive code industry. The process requires the creation of digital symbolic versions of the real world such as the treasury bills, which can be easily circulated on Blockchain in the same way as Bitcoin Or stablecoins.

“I mainly see in 2026 to 2027,” said Scarmocchi, a former Culdiman Sachs official, who had a short period of time at the term of President Donald Trump. luck.

Skybridge Capital plans to spread its distinctive money on Avalanche, which is Blockchain, which includes nearly two billion dollars in its assets on its network, according to the crypto analysis provider Deville.

Screawachi said that the amount of money that Skybridge will publish is about 10 % of his company’s assets under management. luck. One of the funds that specialize in investments in encrypted currencies such as Bitcoin that are not considered securities by the Securities and Exchange Committee, according to the latest Skybridge Investor detection. The other is a fund for the funds consisting of other Skybridge investment compounds, including both project funds and encrypted funds.

Defenders say the issuance of products such as investment funds on decentralized networks can reduce transaction fees and lowering middle men. Traditionally, there is a series of individuals between buyers and sellers of financial assets, each of whom must examine and evaluate origin, for example, a stake in the box – even if this box consists of already coded currencies on Blockchains. Each of these average men can charge the fees and slow down the process.

Blockchains are decentralized databases, which means that no party can tamper with information stored on the network. Thus, theoretically do not need to be an average man to verify the owner and the originality of the financial asset issued on him. Users can search for details themselves.

While supporters have praised the virtues of the distinctive symbol for some time, the work of placing assets in the real world is still emerging, although it seems to gain momentum. Heavy weight like BlackrockFranklin Templeton and Vanck recently released her money market money on a series of panels Solana And Aptos. Ultimately, defenders imagine a world where investors can buy and transfer their shares in different funds without having to go through the repeated data or call schedules to banks to deliver money.

Skybridge Capital plans to partnership with Tokeny, a company specialized in the distinctive symbol, to put its money on Avalanche.

“In the end, we want to achieve two things,” said John Woo, president of Ava Labs, one of the main developers behind the Avalanche network. “One of them is to bring activity on a series of traditional financing world and explained to the world that this technology can benefit them in terms of cost savings.”

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