The Ark Invest, the CEO Wood’s CEO Wood led by CEO Wood, leaning against the tokenization boom by obtaining a stake with the tokenization specialist who regulates as a career of Wall Street to bring onchain assets.
The Ark Venture Fund (Arkvx), The closed-end of the Ark, actively managed funding investors in public and private companies, held 3.25% of its properties in Securitize, making the firm the eighth largest position of funds following the artificial intelligence (AI) company X.Aai and Anthropic, according to the latest disclosure of funds setting asted September 30.
Based on the fund $ 325.3 million In net assets under management until September 30, Ark’s stake in Securitize should be appreciated at about $ 10 million, according to CoinDesk’s calculation.
Ark’s investment came as tokenization emerges as one of the hottest trends in crypto, bringing traditional financial instruments such as bonds, funds and stocks to blockchain railroads. Global banks and managers of the owner explore tokenization to cultivate times of regulating, expand access to investors and keep markets open around the clock.
This is a potentially a major opportunity: The Tokenized Asset Market has grown 112% to $ 33 billion years-to-date, Rwa.xyz data show, and can sink Up to $ 18.9 trillion by 2033, Ripple and BCG are expected to be earlier this year.
Securitize, founded in 2017 and led by CEO Carlos Domingo, is one of the earlier pioneers of the tokenization space. It released $ 4.6 billion in tokenized assets working with traditional financial giants such as Blackrock, Hamilton Lane and Apollo. It is also known as giving behind the tokenized Money Market Fund of Blackrock, the BlackRock USD Institutional Digital Liquidity Fund (Biddled) That is the lead in the tokenized US Treasury sector with $ 2.8 billion in property.
The firm is also active in equity tokenization, creating on-chain shares of the Wallet Provider’s exodus listed in 2022 and entry into an agreement with ether Treasury firm FG Nexus (FGNX) to introduce common and preferred stock to Ethereum blockchain.
Ark investment follows the $ 47 million fundraising round of Securitize last year, led by Blackrock and Hamilton Lane (HLNE), along with the Parafi Capital and TradeWeb Markets (TW).
