Ark Invest to Tokenize ARKVX Venture Fund With OpenAI, Anthropic Stakes

Ark Invest, led by Cathie Wood, is moving to tokenize a venture fund that invests in OpenAI and Anthropic.

CoinDesk reported on Sept. 24 that Ark Invest will work with tokenization platform Securitize to tokenize the economic rights to its ARK Venture Fund (ARKVX) on-chain.

Securitize will oversee the on-chain issuance of the fund's economic rights and the setup of the investor platform. The tokenized fund interests will be issued on Ethereum (ETH). Ark Invest also plans to tokenize the fund on other blockchains in the future.

"Offering the ARK Venture Fund on-chain is a natural extension of our goal to democratize access to disruptive innovation," Wood, Ark Invest's chief executive officer and chief investment officer, said.

The ARK Venture Fund is an actively managed interval fund that invests in both public and private companies. Unlike conventional funds, interval funds accept investor redemption requests only on a limited basis at set intervals.

Its key holdings include private technology companies such as OpenAI, Anthropic and Stripe. "If it is difficult to determine which of OpenAI and Anthropic will win the artificial intelligence race, investors can diversify across both companies through the ARK Venture Fund," Carlos Domingo, Securitize's chief executive officer, said.