ARK Invest Puts $1.3B Fund on Ethereum with Exposure to Top Tech Names
ARK Invest, led by Cathie Wood, has launched its $1.3 billion ARK Venture Fund on the Ethereum blockchain in partnership with tokenization platform Securitize.
The move allows eligible investors to access a portfolio of private technology companies, including OpenAI, Anthropic, and Stripe, through digital tokens representing their ownership in the fund.
ARK is taking an existing investment vehicle, the ARK Venture Fund, and using blockchain infrastructure to represent its shares digitally.
The tokenized ARKVX shares are not as liquid as a cryptocurrency, requiring investors to complete identity and eligibility checks and register an approved wallet before purchasing.