Ark Invest, the asset management company led by CEO Cathie Wood, leans into the tokenization boom by taking a share in tokenization specialist Securitize as Wall Street run to bring assets in accordance with.
ARK Venture Fund (ARKVX), ARK’s closed end, actively managed fund investing in public and private companies had 3.25% of its assets in Securitize, making the company the Foundation’s eighth largest position after artificial intelligence (AI) companies X.AI and Anthropic, according to the Fund’s latest detection dated September 30.
Based on the fund’s $ 325.3 million in net assets under management per September 30, ARK’s share in Securitize should be appreciated at approx. 10 million dollars, according to Coindesk’s calculation.
ARK’s investment comes as tokenization emerges as one of the hottest trends in crypto, bringing traditional financial instruments such as bonds, funds and stocks on blockchain rails. Global banks and asset managers are investigating tokenization to cut down -down times, expand investor access and keep the markets open around the clock.
It’s potentially a huge option: The tokenized asset market has grown 112% to $ 33 billion to date, rwa.xyz data shows, and could swell to $ 18.9 trillion in 2033, Ripple and BCG projected earlier this year.
Securitize, founded in 2017 and led by CEO Carlos Domingo, is one of the early pioneers in the tokenization room. It released $ 4.6 billion in tokenized assets that worked with traditional finance such as Blackrock, Hamilton Lane and Apollo. It is also known as the issuer of Blackrock’s Tokenized Money Market Fund, Blackrock USD Institutional Digital Liquidity Fund (Buidl) leading the Tokenized US Treasury Sector with $ 2.8 billion in assets.
The company is also active in equity tokenization and creates on-chain shares in the listed wallet provider Exodus in 2022 and enters into an agreement with Ether The Treasury company FG Nexus (FGNX) to introduce its common and preferred stock for Ethereum Blockchain.
ARK’s investment follows Securitizes’s collection round of $ 47 million last year, led by Blackrock and Hamilton Lane (HLNE), with Parafi Capital and TradeWeb Markets (TW), who also participates.
