Ark Invest’s Cathie Wood says she will bring Ark Invest funds on the chain

Ark Invest CEO Cathie Wood, one of the earliest traditional financial investors in crypto, hopes to bring some of her company’s funds to the chain when the regulatory landscape allows businesses in the United States to do so.

“We think tokenization will be huge,” Wood said at the Digital Active Meeting in New York on Tuesday. “We would very much like to be able to tokenize our Venture Fund (ARKVX) or our [Digital Asset] Revolution Fund. “

“I think the rules are starting to open up in a way that allows us to do it. So we want to seize the moment,” she added.

US regulators have not yet provided a clear framework and regulations for registration of the security tokens, making it difficult for devices such as sheet to launch products in the flourishing space, some believe could be a market of several trillion dollars by the end of 2030.

Coinbase leaders, a great possession of sheets, had previously mentioned a similar vision, even though it was vigilant as companies are trying to make their mark in the tokenization industry.

At Morgan Stanley Technology, Media and Telecom conference Earlier this month, Coinbase Chief Financial Officer Alesia Haas said Crypto Exchange is in conversations with Securities and Exchange Commission (SEC) to issue a security token, a step that previously failed when coinbase tried to go publicly with such a product in 2020.

Jesse Pollack, the founder of Base, Ethereum Layer 2 network built by Coinbase, later said in a post of X that there were no “concrete plans” to tokenize Coinbase’s stock.

“We are in an exploratory phase and are working to understand what needs to be unlocked from a legislative perspective to bring assets like $ coin to @base in a safe, compatible, future path,” he wrote.

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