#CathieWood da the leap into Web3
#ArkInvest tokenizes its star fund with participations in #OpenAI , #Anthropic and Stripe
ARK Invest, the asset manager led by Cathie Wood, has announced the tokenization of its venture capital fund ARK Venture Fund (ARKVX) through Securitize’s infrastructure. This move makes it possible to move to the Ethereum network (with plans to expand to other blockchains) a portfolio that includes private tech giants such as OpenAI, Anthropic, Stripe, and Databricks.
On-chain access to AI and Web3 giants: The move enables investors to diversify their exposure to high-value private companies that are still not publicly traded. As Carlos Domingo, CEO of Securitize, noted, the fund resolves uncertainty in the sector by allowing investors to bet on the leading competitors in the AI race in a single product.
Tokenization of the fund, not the companies: The underlying assets (the shares of OpenAI, Stripe, etc.) remain private. What is issued on the blockchain is a digital representation of the investor’s stake in the ARKVX fund, providing daily net asset value (NAV) and liquidity in Web3 markets.
Ethereum as a starting point: The fund token will initially be deployed on network #Ethereum , paving the way for integration with other networks in the future.
Institutional and regulatory momentum: ARK joins firms such as BlackRock and Franklin Templeton in the race to bring traditional finance (TradFi) to blockchain technology. The announcement coincides with the SEC’s recent 5-year “innovation exemption,” a framework that facilitates the trading of tokenized securities on on-chain platforms and supports Citi’s projections of reaching $5.5 trillion in tokenized securities by 2030.
Strategic alliance: This launch strengthens the relationship between the two firms, following the strategic investment ARK made in Securitize last year with the goal of further digitizing regulated financial products.
$ETH
#ArkInvest tokenizes its star fund with participations in #OpenAI , #Anthropic and Stripe
ARK Invest, the asset manager led by Cathie Wood, has announced the tokenization of its venture capital fund ARK Venture Fund (ARKVX) through Securitize’s infrastructure. This move makes it possible to move to the Ethereum network (with plans to expand to other blockchains) a portfolio that includes private tech giants such as OpenAI, Anthropic, Stripe, and Databricks.
On-chain access to AI and Web3 giants: The move enables investors to diversify their exposure to high-value private companies that are still not publicly traded. As Carlos Domingo, CEO of Securitize, noted, the fund resolves uncertainty in the sector by allowing investors to bet on the leading competitors in the AI race in a single product.
Tokenization of the fund, not the companies: The underlying assets (the shares of OpenAI, Stripe, etc.) remain private. What is issued on the blockchain is a digital representation of the investor’s stake in the ARKVX fund, providing daily net asset value (NAV) and liquidity in Web3 markets.
Ethereum as a starting point: The fund token will initially be deployed on network #Ethereum , paving the way for integration with other networks in the future.
Institutional and regulatory momentum: ARK joins firms such as BlackRock and Franklin Templeton in the race to bring traditional finance (TradFi) to blockchain technology. The announcement coincides with the SEC’s recent 5-year “innovation exemption,” a framework that facilitates the trading of tokenized securities on on-chain platforms and supports Citi’s projections of reaching $5.5 trillion in tokenized securities by 2030.
Strategic alliance: This launch strengthens the relationship between the two firms, following the strategic investment ARK made in Securitize last year with the goal of further digitizing regulated financial products.
$ETH
