The CEO of Ark Invest Cathie Wood, one of the first traditional Crypto financial investors, hopes to bring some of the funds of its chain business once the regulatory landscape allows companies in the United States to do so.
“We believe that tokenization will be huge,” Wood told Digital Asset Summit in New York on Tuesday. “We would like to be able to tokenize our venture capital fund (arkvx) or our [Digital Asset] Revolution fund. »»
“I think the regulations are starting to open in a way that will allow us to do so. So we would like to grasp the moment,” she added.
American regulators have not yet provided a clear framework and rules to record security tokens, which makes it difficult for entities like Ark to launch booming spaces which, according to some, could become a market of several thieves at the end of 2030.
Coinbase leaders, a large participation of Ark, had previously mentioned a similar perspective, although it was vague because companies are trying to make their brand in the tokenization industry.
At the Morgan Stanley Technology conference, Media and Telecom earlier this month, Alesia Haas, Coinbase financial director, said that crypto exchange was in talks with the Securities and Exchange Commission (SEC) to issue a security token, a decision that has already failed when Coinbase tried to make public with such a product in 2020.
Jesse Pollack, the basic founder, the Ethereum Layer 2 network built by Coinbase, said later in an article on X that there were no “concrete plans” to tokensine the actions of Coinbase.
“We are in an exploratory phase and we work to understand what must be unlocked from a regulatory point of view to bring assets like $ corner to @base in a safe, compliant and future path,” he wrote.
