SkyBridge, Al Maskari Holding Partner With Blockchain Firm Casper Labs

SkyBridge Capital, the Anthony Scaramucci-led global investment firm, and the Al Maskari family’s holding company said they will provide strategic support – including business development, investor relations and marketing services – to Casper Labs, a blockchain software company focused on enterprise and government.

“Casper is pretty unique, because they’re providing an enterprise software decentralization model,” Scaramucci told CoinDesk in an interview. “We think that it’s not just for financial services, but could be used across the whole spectrum, including cloud computing.”

“Every design decision we’ve made is for enterprise and government usage,” co-founder and CEO Mrinal Manohar told CoinDesk. “If you think about most blockchains, the way they’ve been built is to almost create a shadow economy in the sense that if an enterprise or a government wanted to use that technology, it would mandate almost a full teardown of their existing tech infrastructure.”

Manohar said Casper’s blockchain can work with a company’s existing tech stack. He also noted that Casper Labs also offers upgradeable smart contracts, which gives clients the ability to iron out bugs and make changes for the future.

SkyBridge is starting to show signs of recovery, Scaramucci told CoinDesk, noting that the Opportunity Zone REIT fund has climbed more than 38% this year, and the core Multi-Adviser Hedge Fund Portfolio product has rallied 6%.

“We made a significant pivot in 2020. There’s some irony there because we looked like absolute geniuses at the end of 2021. And that was being lauded by clients, thanking us for pulling them into the future,” said Scaramucci. “And then, of course, by the end of 2022 we were being pilloried by the very same clients saying to us, ‘Oh my God, you guys don’t know what you’re doing.’”