This article from CNBC reports that SkyBridge Capital, led by Anthony Scaramucci, is expanding its foray into the cryptocurrency sector through a new blockchain-focused initiative. Partnering with NAX, SkyBridge will launch a $250 million fund named UNLOX, which aims to enhance blockchain adoption among institutional investors. The fund will leverage Algorand’s blockchain infrastructure, known for its "carbon-negative" operation, and will focus on decentralized finance, asset securitization, and emerging digital assets like NFTs. The initiative was announced at SkyBridge’s SALT conference in New York City.
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