Asia’s First Global AI Infrastructure Fund Goes On-Chain - $150M SKYD Token Bridges Web3 and Real-World Assets

Posted on November 25, 2025 at 09:23 PM

Asia’s First Global AI Infrastructure Fund Goes On-Chain: $150M SKYD Token Bridges Web3 and Real-World Assets

In a bold move that marries artificial intelligence with blockchain, Hong Kong’s Tykhe Capital and Malaysia’s Skyvast Digital have launched a US$150 million tokenized fund — giving investors direct access to the booming AI infrastructure space.


The Big Picture

  • Who’s behind it: The fund is a joint effort between Tykhe Capital Group (Hong Kong) and Skyvast Digital (Malaysia), via Pioneer Asset Management (Tykhe’s licensed subsidiary). (Malay Mail)
  • What it is: Branded as the SKYD Token, this is being billed as the world’s first global-grade AI infrastructure tokenized fund. (Malay Mail)
  • How it works: Rather than issuing traditional equity or debt, the token gives investors a revenue-share: they get a slice of 15% of Skyvast’s earnings from its AI infrastructure business. (South China Morning Post)
  • Minimum entry: Subscriptions start from just US$1,000, making what was once institutional-only exposure more accessible. (Yahoo Finance)

Why This Matters

  1. Liquidity + Real-World Exposure: By tokenizing a revenue-share deal, the fund combines real-world infrastructure (like data centres and energy-linked AI campuses) with the liquidity and tradability advantages of blockchain-based tokens. (Malay Mail)
  2. Bridging Web3 and Traditional Finance: This isn’t pure crypto speculation — it’s a tokenized security under a regulated framework in Hong Kong. (Malay Mail)
  3. Addressing an AI Bottleneck: According to IDC data cited in the announcement, around 70% of ASEAN AI firms cite limited compute and infrastructure as a top blocker — even as demand in the region surges. (Malay Mail)
  4. Risk Mitigation: Skyvast’s infrastructure strategy is “multi-vendor,” which helps spread risk so that returns aren’t overly dependent on one hardware or energy supplier. (TNGlobal)
  5. Regulatory Strength: Hong Kong’s regulatory environment is positioning itself as a digital-finance hub, and this fund aligns with that broader fintech strategy. (Yahoo Finance)

Implications & Challenges

  • Democratizing AI Investing: Lower barriers to entry mean more participants — not just big funds, but also smaller, tech-savvy investors — can gain exposure to AI infrastructure.
  • Market Validation for Tokenized Funds: Success here could validate tokenization as a tool for real-asset investing, not just speculative crypto trades.
  • Regulatory Risk: While Hong Kong’s framework is strong, tokenized assets still live in a relatively new regulatory frontier — risks around compliance, investor protection, and legal clarity remain.
  • Performance Dependency: Returns depend on Skyvast’s actual infrastructure revenue. If AI demand slows, or if their operations underperform, token holders may feel the impact.
  • Secondary Liquidity: One promise of tokenization is liquidity, but the actual viability of secondary trading (how many buyers/sellers, how active markets become) will be a key test.

Glossary

  • Tokenized Fund: An investment vehicle where shares are represented as digital tokens (on a blockchain) instead of traditional paper or digital certificates.
  • Revenue-Share Token: A token that entitles the holder to a portion of future revenues from a project or business, rather than ownership of the company itself.
  • Web3: A vision for a decentralized internet built on blockchain, digital assets, and smart contracts.
  • Real-World Assets (RWA): Physical or traditional financial assets (like real estate, infrastructure, or revenue streams) that are represented in digital token form.
  • Security Token Offering (STO): The issuance and sale of tokens that qualify as securities, typically regulated similarly to traditional securities.

Bottom Line

The SKYD Token fund represents a pioneering step — not just in bringing AI infrastructure to blockchain investors, but in proving how regulated tokenization can unlock real-world value in a liquid, accessible way. If it succeeds, it could become a blueprint for how Web3 can fund the next generation of digital infrastructure.

Source: Original article on Tech in Asia (As per your link: Hong Kong, Malaysian firms launch $150m tokenized AI fund) (Tech in Asia)