ARK Venture Fund tokenized on blockchain through Securitize
ARK Invest co‑founder Cathie Wood announced that the ARK Venture Fund (ARKVX) has been tokenized via Securitize Corp. The closed‑end interval fund, whose largest holding is SpaceX, will give eligible investors blockchain‑based exposure to its portfolio of private and public tech companies. The announcement coincided with Securitize shares falling 2.56% in after‑hours trading.
Why it matters
Securitize’s share price dropped 2.56% after‑hours and closed 5.72% lower at $10.55, reflecting immediate market reaction to the tokenization launch (). The tokenized fund could broaden access to private‑market investments for investors who can use blockchain infrastructure.
Key facts
- 1Cathie Wood announced the tokenization of the ARK Venture Fund (ARKVX) through Securitize Corp. benzinga.com
- 2ARKVX is an actively managed closed‑end interval fund that invests in private and public companies tied to disruptive innovation. benzinga.com
- 3The fund’s largest holding is Space Exploration Technologies Corp. (SpaceX). benzinga.com
- 4Securitize shares fell 2.56% in after‑hours trading following the announcement. benzinga.com
- 5Securitize stock closed 5.72% lower at $10.55. benzinga.com
- 6The total market value of tokenized assets is nearing $349 billion, with stablecoins accounting for more than 88% of that value. benzinga.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.