The executive director of Ark Invest, Cathie Wood, one of the first traditional financial investors in cryptography, hopes to bring some of her company’s funds in the chain once the regulatory landscape allows the United States companies to do so.
“We believe that tokenization will be huge,” Wood said at the Asset Digital Summit in New York on Tuesday. “We would love to be able to token our Risk Fund (ARKVX) or our [Digital Asset] Revolution fund “.
“I think the regulations are beginning to open in a way that will allow us to do that. So we would like to take advantage of the moment,” he added.
American regulators have not yet provided a clear framework and rules to register security tokens, which makes it difficult for entities such as ARK to set products in the booming space that some believe that it could become a multimillion -dollar market at the end of 2030.
Coinbase executives, a great participation of ARK, had previously mentioned a similar perspective, although it was vague since companies are trying to leave their mark on the tokenization industry.
At the Morgan Stanley Technology, Media and Telecom conference earlier this month, Coinbase’s financial director, Alesia Haas, said that the cryptography exchange is in conversations with the stock exchange and values commission (SEC) to issue a security token, a measure that previously failed when Coinbase tried to make public with said product in 2020.
Jesse Pollack, the base founder, the Ethereum Layer 2 network built by Coinbase, then said in an X publication that there were no “concrete plans” to tokenar the actions of Coinbase.
“We are in an exploratory phase and we work to understand what should be unlocked from a regulatory perspective to carry assets such as $ coin to @base in a safe, satisfied and future manner,” he wrote.
