Mentioned:
SECZ -7.47% SPCX +0.79%

ARK wants to bring access to venture capital investments to the blockchain. And they’re partnering up with Securitize to do it.

What’s happening:

  • ARK and Securitize (NYSE: SECZ) have partnered to tokenize ARK’s closed-end interval fund known as the ARK Venture Fund on the Ethereum blockchain

Why it matters:

  • This is the first time ever that ARK has partnered with a digital asset company to tokenize one of their funds

Going deeper:

  • The ARK Venture Fund holds roughly $1.3B USD worth of investments in public and private companies, including notable stakes in Anthropic, OpenAI, Stripe and Databricks
  • The ARK Venture fund’s single largest position is in SpaceX (NASDAQ: SPCX) which represents roughly 7.4% of the entire fund
  • Securitize just recently made major waves when they partnered with the London Stock Exchange to tokenize the 100 largest companies listed on the London Stock Exchange

The intrigue:

  • ARK is also notably an investor in Securitize

The fine print:

  • ARK and Securitize have not publicly disclosed when the tokenized share class will launch