FTX Ventures Buys 30% Stake in Scaramucci’s SkyBridge Capital

The crypto exchange’s venture arm will help SkyBridge with both crypto and non-crypto related initiatives moving forward

article-image

SkyBridge Capital’s Anthony Scaramucci | Source: Monika Flueckiger/"Anthony Scaramucci" (CC license)

share

key takeaways

  • The capital will help SkyBridge buy $40 million of crypto to hold on its balance sheet long-term
  • FTX Ventures recently led the $300 million Series B round for Mysten Labs, which was announced Thursday

The venture arm of crypto exchange FTX is set to acquire 30% of alternative investment firm SkyBridge Capital, the companies revealed Friday.

SkyBridge, founded by Anthony Scaramucci in 2005, will use part of the proceeds to buy $40 million in cryptocurrencies for its corporate balance sheet as a long-term investment, with the remaining set aside to fund new initiatives.

An SEC-registered investment adviser, SkyBridge managed roughly $2.5 billion, as of June 30, including about $800 million in digital assets. 

Scaramucci called FTX CEO Sam Bankman-Fried a “visionary” in a statement, noting that the business will remain a diversified asset management firm that invests heavily in blockchain. 

The investment follows a partnership between FTX and SkyBridge to sponsor SALT conferences in North America, Asia and the Middle East, as well as to co-present April’s Crypto Bahamas conference, where FTX earlier this year pledged to set up a headquarters.

“We saw there was an opportunity to work closer together in ways that could complement both our businesses,” Bankman-Fried said in a statement. “We look forward to collaborating closely with SkyBridge on its crypto investment activity and also working alongside them on promising non-crypto-related investments.”

Specific terms of the deal were not disclosed. Spokespeople for the companies did not immediately return a request for comment. 

The investment comes a day after FTX Ventures revealed investment in Mysten Labs, builder of the Sui blockchain. The fund led its $300 million Series B round, which valued Mysten at more than $2 billion. 


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (5).png

Research

Outside of stablecoins, the value of tokenized assets sits below $20B, dominated by the following asset classes: private credit, US Treasuries, commodities, institutional alternative funds, stocks, non-US government debt, and corporate bonds. In the coming months, we see the greatest opportunities in the tokenization of illiquid markets, particularly private equity. However, the successful integration of offchain assets into blockchain ecosystems relies heavily on clear and consistent regulatory frameworks, with purpose-built infrastructure to support it.

article-image

Coinbase Asset Management and One River CEO Eric Peters explains why crypto’s not yet focused on fundamentals

article-image

Over the past 24 hours, PumpSwap’s largest liquidity pool by volume contains tokens with the tickers DOGEMOON and ballscoin

article-image

10T Holdings’ Dan Tapiero predicts crypto listings on exchanges are a “mini step” for value moving onchain

article-image

The S&P 500 was mostly flat after a month of losses, and the Nasdaq has been slowly gaining

article-image

Movement Labs is once again at the core of some criticism after it declined to name a market maker offboarded by Binance

article-image

Experts discuss the future of crypto ETFs as Trump puts “money where his mouth is”