Ark Invest, the asset management company led by CEO Cathie Wood, looks at the boom of tokenization by taking a participation in the specialist in secure tokenization as Wall Street races to provide assets.
The Ark Venture Fund (ARKVX), the Fund at an end with a course actively managed by ARK which invests in public and private companies, held 3.25% of its assets to secure, making the company the eighth position of the fund after the latest artificial intelligence companies (AI) X.AI and Anthropic, according to the latest disclosure of the September 30.
Based on the 325.3 million dollars in funds from the Fund under management on September 30, ARK’s participation in Securitize should be estimated at around $ 10 million, according to Coindesk.
Ark’s investment occurs while tokenization appears as one of the warmest trends in crypto, bringing traditional financial instruments such as obligations, funds and actions on blockchain rails. World banks and asset managers explore tokenization to reduce settlement times, expand investors’ access and keep the markets open 24 hours a day.
This is potentially a huge opportunity: the tokenized asset market increased by 112% to 33 billion dollars for the start of the year, show the Rwa.xyz data and could swell to $ 18.9 billions by 2033, Ripple and BCG projected earlier this year.
Securing, founded in 2017 and led by CEO Carlos Domingo, is one of the first pioneers in the tokenization space. He issued $ 4.6 billion in tokenized active ingredients working with traditional finance giants such as BlackRock, Hamilton Lane and Apollo. He is also known as the issuer behind the BlackRock Tokrock Silver Market Fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) which leads the US Treasury sector tokenized with 2.8 billion dollars in assets.
The company is also active in joint -stock tokenization, creating chain shares of the exodus luned portfolio supplier in 2022 and concluding an agreement with Ether The cash company FG Nexus (FGNX) to introduce its common and preferred stock to the Ethereum blockchain.
Ark’s investment follows the fundraising of 47 million dollars to securitize last year, led by Blackrock and Hamilton Lane (Hlne), with Parafi Capital and Tradewweb Markets (TW) also participating.
