ARK Invest plans to tokenize venture fund on Ethereum

ARK Invest is putting its ARK Venture Fund on blockchain rails. The fund will issue tokenized interests using infrastructure from Securitize. Securitize will handle onchain issuance and the investor experience. The fund will first be available on Ethereum. Other networks could follow. The fund's portfolio includes stakes in OpenAI, Anthropic, Stripe and Databricks. ARK Invest made a strategic investment in Securitize last year. ARK founder, CEO and chief investment officer Cathie Wood said making the fund available onchain extends ARK's mission to expand access to technologically enabled disruptive innovation. Securitize CEO Carlos Domingo said the fund gives investors diversified exposure to private technology companies. Domingo said the fund gives investors exposure to both OpenAI and Anthropic if they do not know which company will win the AI race.