ARK Venture Fund Tokenized on Ethereum

ARK Invest and Securitize are launching the ARK Venture Fund’s tokenized share class, ARKVX, on Ethereum. The Ethereum-based fund token gives eligible US investors indirect exposure to private technology companies, including SpaceX, OpenAI, Anthropic, Stripe, Crusoe and Figure AI. Investors receive tokenized fund shares, not direct ownership of the underlying companies. The fund held $1.3 billion in net assets as of 30 June, with about 62% invested in private companies. As of 31 August, SpaceX accounted for 7.54% of the portfolio, followed by Kalshi at 5.81%, OpenAI at 5.26% and Anthropic at 3.86%. Each token is backed one-to-one by fund shares held with BNY Mellon. Investors need a verified Securitize account and an approved wallet. The minimum initial investment is $500, while additional investments can start at $5. A 2% transaction fee applies, and annual fund expenses are 3.49%, or 2.90% after waivers. The Ethereum tokenization does not provide continuous liquidity. ARKVX remains an actively managed closed-end interval fund, with exits available through quarterly repurchase offers capped at 5% of outstanding shares. Requests may be prorated. Transfers are initially limited to verified Securitize users, while decentralised exchange trading and DeFi collateral use are planned for a later stage. For crypto traders, the Ethereum tokenization is a positive signal for institutional blockchain adoption and private-market real-world assets. However, the launch is unlikely to create an immediate catalyst for ETH or the wider crypto market. Its longer-term significance is the expansion of tokenized assets into venture capital, while limited liquidity and high fees may restrict near-term trading activity.