ARK Invest has launched a tokenized version of its ARK Venture Fund, known as ARKVX, in partnership with Securitize. The move places interests in the actively managed interval fund on blockchain infrastructure, beginning on Ethereum, and provides qualified investors with exposure to a portfolio that includes private technology companies such as OpenAI and Anthropic.

The tokenized interests represent ownership in the fund itself rather than direct stakes in any of the underlying companies. Portfolio holdings can change over time as managers adjust allocations. Current named positions also include Stripe and Databricks. ARKVX seeks long-term capital growth by investing across private and public companies tied to disruptive innovation.

Structure and Investor Access

Securitize is handling onchain issuance and the investor experience for the tokenized share class. Eligible investors can access the product through Securitize’s regulated platform. Availability remains subject to investor eligibility requirements and applicable regulatory restrictions.

The fund operates as a continuously offered, closed-end interval fund. Investors may purchase shares on an ongoing basis, while the fund periodically offers to repurchase them. Disclosures note that investors should not expect to sell shares at will, and repurchase offers may be oversubscribed.

Securitize plans to supply daily net asset value figures and to enable trading of eligible fund interests on blockchain-based markets or alternative trading systems operated by registered broker-dealers. The announcement states that the shares are not listed on a securities exchange and that no secondary market is expected to develop at this stage. Recording ownership on a blockchain does not by itself create an open market.

Regulatory Path and Partnership Background

The U.S. Securities and Exchange Commission issued an amended order on September 21 permitting the fund to offer a tokenized share class that may trade on one or more alternative trading systems or through other permitted channels. The order also allows for a separate class that could be listed on a national securities exchange, each subject to the conditions in ARK’s application. No hearing requests were filed after the agency published notice of the application.

The tokenization builds on an existing relationship. ARK made a strategic investment in Securitize in October 2025 and agreed to collaborate on regulated tokenized investment products. ARK Venture Fund has previously held Securitize equity and a convertible note. Securitize is publicly traded under the ticker SECZ.

Domingo noted that the underlying private-company assets remain private while investors receive a more liquid form of fund-level exposure. The arrangement leaves ARK in control of portfolio management while Securitize supplies the tokenization systems.

Broader Context in Tokenization

The launch adds to a series of efforts by asset managers to place traditional investment products on blockchain rails. Earlier products focused largely on U.S. Treasuries and money-market funds. Firms are now extending tokenization into equities and private markets. The SEC recently introduced a five-year innovation exemption intended to facilitate trading of certain tokenized U.S. stocks on specialized onchain venues under specified conditions.

Ethereum will support the product at launch. Additional blockchain networks may follow. Costs specific to the tokenized class can include transfer-agent charges and blockchain transaction fees. Investors purchasing directly from the fund pay the applicable net asset value plus any sales or distribution charges. Once funds clear and the fund accepts the purchase, the investor becomes a shareholder for tax and other purposes.

As of July 31, 2025, the fund reported net assets of approximately $558 million. An earlier investment schedule listed OpenAI-related convertible interest rights with a cost basis of about $7 million.