Overview
- ARK and Securitize launched a tokenized class of the ARK Venture Fund and processed the first onchain USDC subscriptions on September 24, 2026, using Ethereum as the initial network.
- Securitize handles onchain issuance, investor onboarding and daily net asset value reporting so investors submit USDC and receive blockchain tokens that mirror fund shares after end‑of‑day NAV is set.
- The tokens represent a 1:1 claim on traditional fund shares held by a custodian (reported as BNY Mellon) and do not put portfolio companies or their shares onchain or make them directly tradable.
- Liquidity and eligibility remain unchanged: the fund stays an interval structure with quarterly repurchase offers capped at about 5% of outstanding shares and investor access limited by standard regulatory rules.
- The move follows an SEC amended order and a broader innovation exemption that cleared a path for tokenized securities, and Securitize shares jumped on the news as analysts flagged wider market potential for tokenization.