What the SEC has cleared this time is not “directly going on-chain for hype,” but pushing the compliance framework forward by one step.
According to NewsBTC, the SEC has approved an amended exemption order for the ARK Venture Fund, allowing it to set up an exchange-listed share class and a tokenized share class; ownership records for the latter can be maintained via a distributed ledger, and the tokens can be traded through regulated channels such as ATS. Whether ARK products have already gone on sale is not stated in the original report.
What’s more likely to be amplified in the market is the interpretation that “the RWA and tokenized securities track benefits”; but the original text is also quite restrained regarding any direct impact on BTC and ETH—limited, at best. Two things are more worth watching: first, whether it actually appears to go live afterward; and second, how liquidity arrangements work out and whether more asset-management institutions will follow suit.
Which aspect do you care about more: the compliance framework continuing to move forward, or the actual trading rollout of tokenized share classes?
Figure 1: SEC clears ARK fund tokenized share class structure · Key points
Image source: https://www.newsbtc.com/altcoins/sec-clears-ark-venture-fund-for-tokenized-and-exchange-traded-share-classes/
According to NewsBTC, the SEC has approved an amended exemption order for the ARK Venture Fund, allowing it to set up an exchange-listed share class and a tokenized share class; ownership records for the latter can be maintained via a distributed ledger, and the tokens can be traded through regulated channels such as ATS. Whether ARK products have already gone on sale is not stated in the original report.
What’s more likely to be amplified in the market is the interpretation that “the RWA and tokenized securities track benefits”; but the original text is also quite restrained regarding any direct impact on BTC and ETH—limited, at best. Two things are more worth watching: first, whether it actually appears to go live afterward; and second, how liquidity arrangements work out and whether more asset-management institutions will follow suit.
Which aspect do you care about more: the compliance framework continuing to move forward, or the actual trading rollout of tokenized share classes?
Figure 1: SEC clears ARK fund tokenized share class structure · Key points
Image source: https://www.newsbtc.com/altcoins/sec-clears-ark-venture-fund-for-tokenized-and-exchange-traded-share-classes/
