Arc Invest Tokenizes Ark Venture Fund for Institutional Investors
Arc Invest and Securitize have announced the tokenization of their Ark Venture Fund (ARKVX), which will be made available on Ethereum.
The fund, managed by Arc's CEO Cathie Wood, invests in companies related to technological innovation, including OpenAI, Anthropic, Stripe, and Databricks. It has a unique structure as an 'interval fund' that buys back shares at regular intervals, making the underlying assets inaccessible to investors.
The tokenization of ARKVX will allow institutional investors to access the fund through blockchain-based tokens. Securitize will provide the infrastructure for issuing and trading these tokens on Ethereum.