- Ark Invest said it will bring its $1.3 billion ARK Venture Fund (ARKVX) on-chain on the Ethereum network through Securitize.
- The firm said its existing actively managed fund strategy and portfolio management approach, which invest in private and public technology companies, will remain unchanged after the tokenization.
- Ark Invest and Securitize have been working together to expand the markets for tokenized securities and real-world assets (RWAs), and said this project has turned that conviction into an actual product.
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Ark Invest is putting its $1.3 billion venture fund on the Ethereum network, marking the first time the firm has tokenized one of its funds on a blockchain.
Crypto news outlet The Block reported on September 24 that Ark Invest plans to bring its ARK Venture Fund, or ARKVX, on-chain on Ethereum through tokenization platform Securitize. Eligible investors will be able to access the fund through Securitize’s platform.
ARKVX is an actively managed fund that invests in private and public technology companies including OpenAI, Anthropic, Stripe and Databricks. The fund currently has net assets of about $1.3 billion. Its investment strategy and portfolio management approach will remain unchanged after the tokenization.
Cathie Wood, Ark Invest’s founder and chief executive officer, said tokenizing the ARK Venture Fund puts into action the firm’s conviction in the evolution of capital markets and, ultimately, their revolution. She added that tokenization has the potential to fundamentally change how investors access and participate in public and private financial markets.
The project extends an existing partnership between Ark Invest and Securitize. In October last year, Ark Invest made a strategic investment in Securitize, and the two have since worked together to expand the market for tokenized securities and real-world assets, or RWAs.
Carlos Domingo, Securitize’s co-founder and chief executive officer, said Ark’s strategic investment reflected the two firms’ shared belief that tokenization can reshape capital markets. The project has now turned that conviction into an actual product.
Securitize last year pursued a public listing through a $1.25 billion special purpose acquisition company merger. Existing shareholders at the time included Ark Invest, BlackRock, Hamilton Lane, Jump Crypto and Morgan Stanley Investment Management.