ARK Invest and Securitize announced on Sept. 24 that eligible investors would be able to hold tokenized interests in the ARK Venture Fund on the Ethereum blockchain. This venture capital fund offers quarterly repurchases of up to 5% of outstanding shares at net asset value. The tokenized shares remain unlisted with no robust secondary market expected in the near term. The SEC authorized ARK on Sept. 21 to offer a tokenized share class potentially tradable on alternative trading systems, but only through approved wallets. The key uncertainty remains whether a secondary market for these tokens on Ethereum will actually materialize.
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