ARK Invest Partners with Securitize to Tokenize Actively Managed Closed-End Interval Fund, Tokenized Shares Initially Issued on Ethereum

ARK Invest and Securitize have launched the tokenization of the Ark Venture Fund (ARKVX) on the Ethereum blockchain, marking a significant shift in how actively managed interval funds are distributed. The fund, which holds approximately $1.3 billion in assets including private equity stakes in companies like SpaceX and OpenAI, allows investors to gain exposure through tokenized shares. Securitize manages the on-chain issuance and investor verification process, requiring a minimum investment of $500 payable in USDC. While the tokens represent a 1:1 ownership of fund shares held in custody by BNY Mellon, they remain subject to the fund's original quarterly redemption rules. This initiative leverages Securitize's established infrastructure, which also supports institutional products like BlackRock's BUIDL. By moving share registration to a distributed ledger, ARK aims to modernize capital market access and streamline investor processes. The move highlights a growing trend of traditional asset managers utilizing blockchain to enhance the distribution of complex, SEC-registered investment products.