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ARK Invest Tokenizes $1.3B Venture Fund, Including SpaceX and OpenAI Stakes
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ARK Invest, in partnership with Securitize, has tokenized its $1.3 billion venture fund on the Ethereum blockchain, as reported by Woofun AI. The fund, led by Cathie Wood, holds a 78% allocation to private market entities, with top holdings including SpaceX (7.54%), OpenAI (5.26%), and Anthropic (3.86%). The tokenization, announced on September 24, allows qualified investors to gain exposure to these unlisted tech giants via digital tokens on a public ledger. The fund, which began this experiment in September 2022 with a $500 minimum investment, has strict liquidity: quarterly repurchase windows with no secondary market trading. Investors face a 2.9% annual operating expense. The move follows a September 17 SEC ruling that paved the way for tokenized stock trading, with specific instructions issued on September 21. Cathie Wood stated this could reshape public-private market access. The fund's net assets surged from $208 million in July 2025 to $558 million in January 2026, indicating strong demand for tokenized scarce unlisted assets.
Source report
September 24 — ARK Invest, in partnership with Securitize (SECZ.US), has officially announced the migration of Cathie Wood’s ARK Venture Fund to the Ethereum blockchain for tokenized issuance, according to Woofun AI.
Fund Overview
The fund has a total size of approximately $1.3 billion. As of August 31, its portfolio allocation shows:
- 78% of assets invested in private market entities
- Top holdings include:
- SpaceX (SPCX.US) — 7.54%
- OpenAI — 5.26%
- Anthropic — 3.86%
Through the Securitize platform, qualified investors can use digital tokens to establish ownership rights on a public ledger, thereby gaining indirect exposure to equity in these unlisted tech giants.
Background and Structure
ARK Invest first launched this innovative initiative in September 2022, setting a minimum investment threshold of $500 to lower traditional venture capital barriers.
However, as a closed-end fund, liquidity is strictly limited:
- Repurchase windows open only once per quarter
- These windows often face oversubscription pressure
- The fund explicitly rules out secondary market trading
Cost and Regulatory Landscape
Investors bear an annual operating expense of 2.9%, reflecting the complexity and management demands of the underlying assets.
Regulatory progress has been pivotal:
- On September 17, the U.S. Securities and Exchange Commission (SEC) paved the way for tokenized stock trading
- On September 21, the SEC issued specific directives allowing fund shares to trade on private electronic platforms
Cathie Wood noted that this development could reshape access mechanisms between public and private markets.
Industry Context and Growth
For comparison, BlackRock’s (BLK.US) BUIDL fund completed a similar tokenization in March 2024.
ARK Invest announced a strategic investment in Securitize in October 2025, which drove the latter’s stock price higher.
Meanwhile, the fund’s net assets surged from $208 million in July 2025 to $558 million in January 2026, validating strong market demand for tokenized access to scarce unlisted assets.
Source
智通财经网Neutral / independent
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ARK Invest tokenizes $1.3B venture fund on Ethereum, including SpaceX and OpenAI