Last month, together with Apex Group, we introduced Apex Digital 3.0, the first truly global single-source infrastructure designed to handle the full lifecycle of tokenised products. That includes fund creation, issuance, administration, custody, connectivity to multiple distribution channels, as well as the broader DeFi ecosystem.
$300m of hedge funds go on-chain for always-on services
In less than a month after the launch, SkyBridge Capital, founded by Anthony Scaramucci, a believer of bitcoin and former White House Communications Director, is moving $300m of its flagship hedge funds on-chain through Apex Digital 3.0.
Hedge funds are now open to invest in cryptocurrencies. These assets are designed to settle instantly, without friction. However, investors in those funds face the opposite reality as they are distributed on traditional rails.
It causes slow subscription, redemptions, and transfers due to fragmented settlements, as a transfer often has to pass through multiple layers of middlemen. It results in high transactional costs and delays, which in turn limit liquidity.
That’s why SkyBridge is moving on-chain to eliminate fragmentation and deliver real-time services. By tokenising its hedge funds, subscriptions, redemptions, and transfers can run 24/7 with full transparency. The result is lower costs, faster operations, and an investor experience that finally matches the always-on expectations of today’s markets.
Tokenisation market challenges
For years, tokenisation struggled to take off. Most early projects weren’t true tokenisation but digitalisation experiments. The problem wasn’t legal, but operational.
The key actors, including transfer agents, custodians, and asset managers, simply weren’t ready. They could put the asset on-chain, but struggled to manage subscriptions, redemptions, and custody on-chain. As a result, many institutional projects ended up with assets merely represented on the blockchain, while the servicing processes remained off-chain.
The market has been maturing, service providers have built the capabilities, custodians can hold tokenised assets, more people are equipped and accepting self-custody wallets, and regulators have set clearer frameworks. But integration remains critical and without it tokenisation risks becoming another silo.
On-chain finance adoption accelerates for real
That’s why we built Apex Digital 3.0. For too long, firms were promised “end-to-end” tokenisation, only to discover critical gaps. No legal structuring, no compliance support, no custody of the underlying assets, and no real distribution. The result was complexity, with issuers forced to juggle multiple providers and still falling short of scale.
Apex Digital 3.0 changes that. It brings everything together: legal setup, compliance advisory, issuance, custody, servicing, and cross-platform distribution in one infrastructure. Clients who want a complete 0-to-1 solution rely on us without the headache of managing separate partners. And, for those who already have preferred tools, our open architecture makes integration seamless.
With 22 years of proven trust and $3.5 trillion of assets under administration, Apex Group is the trusted bridge to on-chain finance, giving institutions the confidence to move massively.
SkyBridge’s $300m project is a live example, with more in the pipeline. This time, institutional adoption at scale is real.
