Ark Invest, the asset management firm led by CEO Cathie Wood, is inclined in the rise of tokenization by participating in the titleity tokenization specialist such as Wall Street races to bring assets to the chain.
The Ark Venture Fund (ARKVX), the AK -actively closed and administered fund that invests in public and private companies, has 3.25% of its titulization assets, which makes the eighth position of the fund in the eighth position of the fund after the artificial intelligence companies (AI) X.AI and anthropic September.
Based on the $ 325.3 million in the fund in net assets under administration as of September 30, Ark’s participation in Securitize must be valued at approximately $ 10 million, according to the Coindesk calculation.
Ark’s investment occurs as tokenization emerges as one of the most popular cryptography trends, bringing traditional financial instruments such as bonds, funds and actions to Blockchain rails. Banks and global asset administrators are exploring tokenization to reduce liquidation times, expand the access of investors and keep the markets open throughout the day.
Potentially it is a great opportunity: the tokenized asset market has grown 112% to $ 33 billion to date, as shown by the data RWA.XYZ, and could increase to $ 18.9 billion by 2033, Ripple and BCG projected earlier this year.
Securitize, founded in 2017 and directed by the CEO Carlos Domingo, is one of the first pioneers of the tokenization space. He issued $ 4.6 billion in tokenized assets working with traditional financial giants such as Blackrock, Hamilton Lane and Apollo. It is also known as the issuer behind the Blackrock tokenized monetary market, the Blackrock USD Institutional Liquidity Fund (BUIDL) that leads the US Treasury sector. UU. With $ 2.8 billion in assets.
The company is also active in capital token, creating chain shares of the wallet supplier listing exodus in 2022 and celebrates an agreement with Ether The Treasury FG Nexus (FGNX) signing will introduce its common and preferred stock to the Ethereum block chain.
Ark’s investment follows the fundraising of $ 47 million from Securitize last year, directed by Blackrock and Hamilton Lane (HLNE), with Parafi Capital and Tradeweb Markets (TW) also participating.
