ARK Partners with Securitize to Tokenize ARK Venture Fund

ARK Invest, an asset management company, has announced a partnership with the tokenization platform Securitize to tokenize its ARK Venture Fund (ARKVX), initially issuing it on Ethereum, with potential expansion to other blockchains in the future. The fund invests in both private and public companies, with holdings including OpenAI, Anthropic, Stripe, and Databricks. ARK's founder and CEO, Cathie Wood, stated that bringing the ARK Venture Fund on-chain is a natural extension of their mission to democratize investment in disruptive innovation. Securitize CEO Carlos Domingo mentioned that this move provides investors with diversified exposure to popular private tech companies, with investors receiving on-chain representations of fund equity, while the underlying assets remain private, allowing for liquidity in user investments. Securitize also plans to provide daily net asset values and support on-chain market trading of fund equity. This collaboration builds on the existing relationship between the two parties, as ARK made a strategic investment in Securitize last year.

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