ARK bids to become one of the first US funds with SEC-cleared tokenized shares

What happened

ARK Investment Management asked the SEC for permission to let its ARK Venture Fund offer a tokenized share class, which would allow blockchain-based ownership and trading. ARK filed a Second Amended Application but has no plans to launch it yet.

Confirmed

Global impact / market context

If approved, this could let investors buy and sell fund shares more easily, like stocks, using blockchain. That might increase trading activity and change how interval funds work, potentially attracting more investors to ARK's fund.

Analyst inference

This move could push other fund managers to seek similar approvals, making tokenized shares more common. It may also pressure regulators to clarify rules for digital assets, affecting how funds use blockchain technology in the future.

Analyst inference

What to watch

1. Watch whether the SEC approves ARK's Second Amended Application, as this would be a first for a US fund and could set a precedent for others. Confirmed
2. Investors should monitor if ARK later announces plans to actually launch the tokenized share class, since the company currently has no immediate intentions to do so. Proposed
3. Observe if other fund companies file similar requests, which could signal a broader shift toward blockchain-based share trading and affect the fund industry's operations. Analyst inference

Affected assets

• ARK — ARK

Evidence

• cryptopolitan.com