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ARK Invest Tokenizes $1.3B Venture Fund, Giving Investors Access to SpaceX and OpenAI
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ARK Invest, led by Cathie Wood, partnered with Securitize on September 24 to tokenize its $1.3 billion venture fund on the Ethereum blockchain. As of August 31, 78% of the fund's assets were allocated to private market entities, with SpaceX (7.54%), OpenAI (5.26%), and Anthropic (3.86%) as top holdings. The tokenization, facilitated by Securitize, allows qualified investors to hold digital tokens representing shares in these unlisted tech giants. The fund, first launched in September 2022 with a $500 minimum investment, remains a closed-end fund with quarterly redemption windows and no secondary market trading. Investors pay a 2.9% annual expense ratio. The U.S. SEC on September 17 and 21 issued guidance allowing tokenized shares to trade on private electronic platforms. Cathie Wood stated the move could reshape public-private market access. The fund's net assets surged from $208 million in July 2025 to $558 million in January 2026, reflecting strong demand for tokenized scarce private assets.
Source report
By Woofun AI
On September 24, ARK Invest and Securitize (SECZ.US) officially announced the migration of Cathie Wood’s ARK Venture Fund to the Ethereum blockchain for tokenized issuance.
According to data compiled by Woofun AI, the fund has a total size of approximately $1.3 billion. As of August 31, the fund's holdings were heavily weighted toward private market entities, which accounted for 78% of total assets. Among these:
- SpaceX (SPCX.US) – 7.54% (largest holding)
- OpenAI – 5.26%
- Anthropic – 3.86%
Through the Securitize platform, qualified investors can use digital tokens to verify ownership on a public ledger, thereby gaining indirect exposure to equity in these unlisted tech giants.
Background and Structure
ARK Invest first launched this innovative approach 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:
- Redemption windows open only once per quarter
- These windows are often oversubscribed
- Secondary market trading is explicitly excluded
Investors also bear an annual operating expense of 2.9%, reflecting the complexity and management challenges of the underlying assets.
Regulatory Milestone
Regulatory progress has been critical. The U.S. Securities and Exchange Commission (SEC) paved the way for tokenized stock trading on September 17, and issued specific instructions on September 21 allowing fund shares to trade on private electronic platforms.
Cathie Wood noted that this development could reshape access to both public and private markets.
Industry Context and Growth
In terms of industry benchmarks, BlackRock’s (BLK.US) BUIDL fund completed a similar tokenization as early as March 2024.
ARK Invest announced a strategic investment in Securitize in October 2025, which subsequently drove the company’s stock price higher.
Meanwhile, the fund’s net assets surged from $208 million in July 2025 to $558 million in January 2026, underscoring strong market demand for tokenized exposure to scarce, unlisted assets.
Source
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ARK Invest tokenizes $1.3B venture fund on Ethereum, including SpaceX and OpenAI