ARK Invest Puts $1.3 Billion Venture Fund on Ethereum Blockchain

ARK Invest's $1.3 billion venture fund is being tokenized on the Ethereum blockchain, marking a significant move into decentralized finance for the asset manager. This marks the first time ARK has tokenized one of its own funds.

The actively managed fund holds positions in private and public technology companies, including OpenAI, Anthropic, Stripe, and Databricks.

Eligible investors will be able to access the ARK Venture Fund through Securitize, a tokenization platform in which ARK took a strategic stake last year. The company said it intends to publish daily net asset valuations for the fund and facilitate trading of fund interests across blockchain-native marketplaces.

Cathie Wood, ARK's founder and CEO, framed the move as a test of the firm's long-standing thesis that blockchain technology will reshape capital markets.