Cryptocurrencies

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

FTX, SkyBridge have ambitions similar to a merchant bank
SkyBridge hasn’t been immune to effects of crypto winter

Anthony Scaramucci
Photographer: Cole Burston/Bloomberg

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By Sonali Basak

September 9, 2022 at 11:01 AM UTC

Updated on

September 9, 2022 at 6:04 PM UTC

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The venture capital unit of Sam Bankman-Fried’s FTX is taking a 30% stake in Anthony Scaramucci’s SkyBridge Capital.

SkyBridge has been wading deeper into crypto through direct token acquisitions as well as private investments in digital-asset firms, filings show. The new capital is intended to help SkyBridge’s growth, with a portion being used to buy $40 million worth of cryptocurrencies as a balance sheet investment, according to a statement released on Friday.