SkyBridge Capital CEO Anthony Scaramucci Makes New Crypto Bet With Investment in Trading Software Venture: Report

SkyBridge Capital CEO Anthony Scaramucci Makes New Crypto Bet With Investment in Trading Software Venture: Report

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Hedge fund veteran and crypto bull Anthony Scaramucci is reportedly making investments in a new trading software firm created by the former president of bankrupt crypto exchange FTX.US.

According to a new report by Bloomberg, the SkyBridge Capital founder and CEO is deploying some of his personal money to invest in Brett Harrison’s crypto software company.

Though no specific details were given on the amount of the investment, Harrison is reportedly looking for $100 million for his startup, which aims to create a software program that crypto traders could use to write algorithms to aid in their investment strategies, both on centralized and decentralized exchanges.

As stated by Harrison to Bloomberg,

“[Scaramucci] has been a true mentor and friend to me since I joined the crypto industry two years ago. I’m honored to have him as an investment partner, and know his guidance will be invaluable as I begin this new chapter.”

Scaramucci responded by saying that he’s proud to be an investor in Harrison’s startup.

“Brett, I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best.”

Harrison, who worked for FTX for about a year and a half, stepped down from his position in September 2022, shortly before the company and its affiliates went bankrupt.

Also in September, FTX Ventures, the venture capital branch of FTX, purchased a 30% stake into SkyBridge Capital. Due to FTX’s collapse in November, Scaramucci said his plan was to eventually repurchase the shares, according to the report.

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