ARK Venture Fund Prepares Tokenized Class for OpenAI, Anthropic Exposure
The proposed structure would record fund ownership on distributed-ledger technology and could trade through regulated alternative trading systems.
ARK Invest is preparing a tokenized share class for its ARK Venture Fund, potentially giving investors blockchain-based exposure to private technology companies including OpenAI and Anthropic.
The proposed Tokenized Class would record ownership using distributed-ledger technology. The interests could trade through alternative trading systems operated by registered broker-dealers that are members of the Financial Industry Regulatory Authority.
The structure would tokenize ownership in the fund rather than the underlying private-company shares. The fund’s portfolio includes OpenAI, Anthropic, Stripe and Databricks.
An Oct. 31, 2025, investment schedule listed OpenAI convertible interest rights with a total cost of $7,001,499. The fund reported net assets of $557,590,943 as of July 31, 2025.
ARK Investment Management filed the application May 20 and amended it June 11 and Aug. 7. The SEC notice set Sept. 18, 2026, at 5:30 p.m. ET as the deadline for hearing requests.
