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 ₹823 ($8.66), down 0.3% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Sun, 01 Nov 2026 19:30:01 UTC.
This development highlights the growing institutional adoption of blockchain for real-world asset tokenization, potentially increasing Avalanche's Total Value Locked (TVL) and strengthening its position in the RWA sector.
- SkyBridge Capital partners with Tokeny and Apex Group for $300M Avalanche tokenization.
- AVAX tests weekly support between $8 and $9.50 amid potential recovery signals.
- Avalanche TVL stands at $134.82M, down 1.9% over the past week.
SkyBridge Capital has announced a new partnership with Tokeny and Apex Group to tokenize $300 million in hedge fund investments on the 
Avalanche blockchain. This move is part of SkyBridge's strategy to enhance its institutional presence in the real-world asset (RWA) sector.
The Avalanche blockchain, known for its scalability and low transaction fees, is increasingly being used for tokenizing real-world assets. This partnership could significantly boost Avalanche's Total Value Locked (TVL), which currently stands at $134.82 million, according to DeFiLlama.
Meanwhile, the AVAX token is testing weekly support levels between $8 and $9.50. Despite a slight 1.55% increase in the past 24 hours, AVAX is still down 2.60% over the past week. The broader crypto market remains relatively flat, with 
Bitcoin showing a modest 0.41% gain in the same period.
Analyst Giannis Andreou has suggested that if AVAX can reclaim key resistance levels, it could potentially recover toward the $100 mark. However, this would require significant market momentum and positive sentiment.
The Fear & Greed Index currently stands at 34, indicating a 'Fear' sentiment in the market. This suggests that while there is some optimism around Avalanche's potential, broader market conditions remain cautious.
Since this brief published about 2 hours ago, Avalanche (AVAX) has moved from ₹825.99$8.69 to ₹823.13$8.66 — -0.35%.
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 Token Times'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 ≈ ₹918.74 (about $8.66), up 0.7% over 24 hours. The rupee itself trades about 11.6% above the official rate on the P2P market, so a Indian 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.
Token Times 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 partnership with Tokeny and Apex Group?
The partnership aims to tokenize $300 million in hedge fund investments on the Avalanche blockchain.
How much is Avalanche's Total Value Locked (TVL)?
Avalanche's TVL is $134.82 million, down 1.9% over the past week.
What is the current price of AVAX and its market performance?
AVAX is priced at $8.69, up 1.55% in the last 24 hours but down 2.60% over the past week.
How much is 1 Avalanche worth in rupee today?
About ₹918.74 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $8.66. The rupee price moves with both AVAX's US-dollar price and the USDT/INR rate; use our Avalanche in rupee page for any amount.
Has Avalanche's price moved since this brief was published?
AVAX is down 0.35% since this brief first published — trading at ₹823 ($8.66) now versus ₹826 ($8.69) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.