Ark Invest’s $1.3 Billion Venture Fund Goes Onchain with Ethereum
- Ark Invest and Securitize have moved the $1.3 billion Ark Venture Fund onchain, utilizing Ethereum for the new setup.
- ARKVX’s NAV increased from approximately $20 at its debut in September 2022 to around $60.50 by September 23, reflecting substantial growth.
- Securitize is tokenizing investor interests in ARKVX, not the individual shares of companies like OpenAI and Anthropic.
- The fund includes a mix of roughly 80% private and 20% public companies, with limited liquidity due to quarterly repurchase windows for about 5% of shares.
- Cathie Wood emphasized that tokenization could transform access to both private and public financial markets.
The transition of Ark Venture Fund to an onchain format marks a significant step in integrating blockchain technology into traditional finance structures, aiming to democratize access to innovative investments. The fund’s performance has been notable, with its NAV tripling since inception, showcasing the potential benefits of its private-company exposure.
This move highlights Ark Invest’s commitment to leveraging blockchain technology for enhanced investor interaction while maintaining existing asset compositions within the fund. Source
