The CEO of Ark Invest Cathie Wood, one of the first traditional financial investors in crypto, hopes to bring some of his company’s funds once the regulation of landscape allows US companies to do so.
“We think it would be huge,” Wood said at the Digital Asset Summit in New York on Tuesday. “We want to see our Venture Fund (Arkvx) or our (Digital Asset) Revolution Fund.”
“I think regulations are starting to open in a way that will allow us to do that.
US regulators have not yet provided a clear framework and policies for registering security tokens, making it difficult for creatures such as Ark to launch products in emerging spaces that some believe that can be a multi-trillion-dollar market by the end of 2030.
Coinbase’s executives, a large ark handling, have previously noted a similar view, though it is unclear as companies are trying to make their mark in the tokenization industry.
At Morgan Stanley Technology, Media and Telecom Conference earlier this month, the chief head of financial Alesia Haas Says That the crypto exchange is talking to the Securities and Exchange Commission (SEC) to issue a security token, a step that has previously failed when Coinbase attempted to go public in the product in 2020.
Jesse Pollack, the founder of the base, the Ethereum Layer 2 network built by Coinbase, was told a Post To X without a “concrete plan” to look forward to coinbase stock.
“We are in a stage of exploration and work to understand what needs to be locked from a regulation perspective to bring possessions like a $ coin to @base in a safe, following, future way,” he wrote.
