Cathie Wood’s ARK teams with Securitize to tokenize venture fund with OpenAI, Anthropic stakes
The ARK Venture Fund is bringing exposure to sought-after private tech companies onchain through Securitize, first on Ethereum then potentially expanding to other chains.
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Summary
- Asset manager ARK Invest is tokenizing its ARK Venture Fund (ARKVX) with Securitize (SECZ), joining a wave of Wall Street asset managers bringing investment products onto blockchain rails.
- The fund gives eligible investors exposure to private and public companies including OpenAI, Anthropic, Stripe and Databricks.
- The move builds on a relationship that began with ARK’s strategic investment in Securitize last year.
with other networks potentially following, the firms said.
“Making the ARK Venture Fund available onchain is a natural extension of our mission to democratize access to technologically enabled disruptive innovation,” Wood, ARK’s founder, CEO and chief investment officer, said in a statement.
For Securitize CEO Carlos Domingo, one draw is giving investors diversified exposure to sought-after private technology companies.
“If you don’t know whether OpenAI or Anthropic are gonna win the AI race, here you get both of them in a diversified pool,” Domingo told CoinDesk TV.
