According to Woofun AI, Ark Investment (ARK) and Securitize (SECZ.US) officially announced on September 24 that they will migrate the ARK venture capital fund led by Kathy Wood to the Ethereum blockchain for tokenized issuance.
According to data compiled by Woofun AI, the total size of the fund is approximately $1.3 billion. In the position structure as of August 31, up to 78% of assets were allocated to private market entities, with SpaceX (SPCX.US) leading the way with 7.54%, while OpenAI and Anthropic account for 5.26% and 3.86%, respectively. Through the Securitize platform, qualified investors can use digital tokens to confirm their rights on the public ledger, thereby indirectly holding shares in these unlisted tech giants.
As far back as September 2022, Ark Investment launched such innovative experiments, setting a minimum investment threshold of $500 to break traditional venture capital barriers. However, as a term fund, its liquidity is strictly limited: the repurchase window is only open once a quarter, and it often faces excessive subscription pressure. Officials clearly rule out the possibility of secondary market transactions.
Additionally, investors are responsible for 2.9% of annual operating expenses. This cost structure reflects the complexity and difficulty of managing the underlying assets.
The regulatory breakthrough was critical. The US Securities and Exchange Commission (SEC) paved the way for tokenized stock trading on September 17 and issued specific instructions on September 21 to allow fund shares to circulate on private electronic trading platforms. Kathy Wood pointed out that this move is expected to reshape public and private market access mechanisms. In terms of industry benchmarking, BlackRock (BLK.US)'s BUIDL fund completed similar tokenization as early as March 2024. Ark Investment announced a strategic investment in Securitize in October 2025, driving the latter's stock price up;
Meanwhile, the fund's net assets surged from $208 million in July 2025 to $558 million in January 2026, confirming the strong market demand for tokenizing scarce unlisted assets.