ARK Invest Announces Ethereum Tokenization for Venture Fund Interests

ARK Invest announced Sept. 24 that its ARK Venture Fund will be tokenized through Securitize and made available on Ethereum, giving eligible investors an onchain representation of interests in the fund.

Securitize will provide the issuance and investor infrastructure for the tokenized interests. The fund, identified by the ticker ARKVX, invests in private and public companies focused on disruptive innovation, including OpenAI, Anthropic, Stripe and Databricks. Its holdings may change over time.

The arrangement does not place direct shares of those portfolio companies on a blockchain. It records investors’ interests in ARKVX through blockchain infrastructure.

ARKVX remains an actively managed, closed-end interval fund rather than an exchange-traded fund. Its shares are not listed on a securities exchange and are not expected to have a secondary trading market. Investors generally receive liquidity through quarterly repurchase offers, which are expected to cover 5% of outstanding shares and may be prorated when demand exceeds the amount offered.

ARK Invest founder, CEO and CIO Cathie Wood said tokenizing the fund puts the firm’s view of changing capital markets into practice. The announcement did not specify the tokenized offering’s minimum investment, subscription process, supported stablecoins or any secondary trading venue.