Cathie Wood's ARK Invest Tokenizes $1.3 Billion Venture Fund on Ethereum

ARK Invest is tokenizing its $1.3 billion ARK Venture Fund on the Ethereum blockchain in partnership with Securitize. The fund, which holds private equity stakes in companies including SpaceX, OpenAI, and Anthropic, received SEC approval on September 21 to offer a tokenized share class. While the move aims to broaden access to private market assets, the fund remains an interval fund with quarterly buybacks and no expected secondary market. Securitize previously tokenized BlackRock’s BUIDL fund in March 2024.