ARK Invest Tokenizes Venture Fund on Ethereum as 21Shares Launches Zcash and ETHFI ETPs
ARK Invest tokenized its $1.3B venture fund on Ethereum via Securitize, while 21Shares launched Zcash and ETHFI ETPs on Euronext. ARKVX invests in tech firms like OpenAI and Stripe, while 21Shares' ETPs offer regulated crypto exposure. Both moves highlight blockchain's role in traditional finance and crypto convergence.
How this was made

The 30-second read
Why it matters
The announcements signal deeper integration of crypto assets into regulated financial products, potentially expanding investor access and institutional custody demand.
Market read
First major tokenized venture fund and new crypto ETPs could spur further product innovation and regulatory scrutiny.
What to watch
Potential legal and compliance complexities of tokenized securities could delay broader adoption.
Background
ARK Invest partnered with Securitize to issue a token representing its $1.3 bn ARK Venture Fund on Ethereum. 21Shares launched physically‑backed Zcash (ZCASH) and Ether.Fi (ETHFI) ETPs on Euronext with a 2.5% fee.
Market effects
May accelerate tokenized fund offerings and crypto ETP listings in Europe.
European crypto ETP market sees new products, potentially boosting custodial services.
Highlights growing convergence of traditional finance and crypto infrastructure.
Counterpoint
Investors may view tokenized funds as regulatory risk and prefer traditional structures.
Key entities
- Asset ManagerARK Invest
Venture‑capital arm tokenized on Ethereum.
- Tokenization PlatformSecuritize
Provides issuance infrastructure for the ARK token.
- Asset Manager21Shares
Launched Zcash and Ether.Fi ETPs in Europe.


