ARK Venture Fund holds $69 million OpenAI stake, the largest share among major funds
ARK's significant OpenAI stake highlights a strategic focus on AI, potentially increasing investor interest in private tech ventures.
ARK's significant OpenAI stake highlights a strategic focus on AI, potentially increasing investor interest in private tech ventures.
ARK Invest is tokenizing its ARK Venture Fund through Securitize. The fund has roughly $1.3 billion in assets and invests across private and public technology companies including OpenAI, Anthropic, Stripe and Databricks.
Ark Invest is putting its roughly $1.3 billion ARK Venture Fund on Ethereum through Securitize, giving eligible investors a blockchain-based representation of a portfolio that includes OpenAI, Anthropic, Stripe and Databricks.
ARK Invest is bringing its $1.3B ARK Venture Fund (ARKVX), which holds OpenAI, Anthropic and Stripe, onchain via Securitize on Ethereum.
ARK Invest has tokenized its ARK Venture Fund through Securitize on Ethereum, giving eligible investors a blockchain-based way to hold an interest in a portfolio that includes OpenAI and Anthropic. According to a Sep.
Tokenizing venture funds democratizes access, potentially reshaping investment landscapes by enabling broader participation in high-growth sectors.
TL;DR The SEC granted ARK Venture Fund amended exemptive relief covering two new share classes. The structure allows an Exchange Class and a Tokenized Class whose ownership can be recorded through distributed-ledger technology.
A pending exemptive application would let ARK Venture Fund record ownership of a new share class using distributed ledger technology and trade it on registered ATS venues. Hearing requests are due Sept. 18.