COINOTAG reported on September 23 that Anthony Scaramucci, founder and CEO of SkyBridge Capital, characterized Avalanche as a battle-tested blockchain on par with Ethereum and Solana, noting his view that the future infrastructure will feature the coexistence of multiple chains.

Scaramucci highlighted SkyBridge’s decision to tokenize its $3 billion flagship hedge fund on Avalanche, praising the network as “as versatile as a Swiss Army knife” and expressing confidence in Avalanche’s capacity for asset tokenization.

In a separate development, U.S.-listed AgriFORCE Growing Systems raised $550 million to implement an AVAX treasury strategy, and Scaramucci has joined the company’s Strategic Advisory Board, reflecting institutional engagement with Avalanche-based treasury and tokenization use cases.