“The Ark Venture Fund Invested AROUND $ 10 Million in the Tokenization Specialist, Accounting To Condesk’s Calculation.”, – WRITE: www.coindesk.com
The Ark Venture Fund (ARKVX), Ark’s Closed-End, Actively Managed Fund That Invests in Public and Private Companies, Held 3.25% Of ITS Assets In Securitize, Making the Firm The FIRM Artificial Intelligence (AI) Companies X.AI and Anthropic, Account to the Fund’s Latest Disclosure Dated September 30.
Based on Fund’s $ 325.3 Million in Net Assets Under Management As of September 30, Ark’s Stake in Securitize Should Be Valued at Roomlly $ 10 Million, Accounting To Condesk
Ark’s Investment ComESS As Tokenization Emerges As One of the HotTest Trends in Crypto, Bringing Traditional Financial Instruments Such as Bonds, Funds and Stocks on Blockchain Rails Rails. Global Banks and Asset Managers Are Exploring Tokenization to Cut Settlement Times, Broaden Investor Access and Keep Markets Open AUND The CLOCK.
IT’s Potentilly a Huge Opportunity: The Tokenized Asset Market Has Grown 112% to $ 33 Billion Year-To-Date, Rwa.xyz Data Shows, and Could Swell Tole, Trillion BY. Earlier this year.
Securitize, Founded in 2017 and Led by Ceo Carlos Domingo, is One of the Early Pioneers of the Tokenization Space. IT Issued $ 4.6 Billion in Tokenized Assets Working with Traditional Finance Giants Such As Blackrock, Hamilton Lane and Apollo. It is Also Known As The Issuer Beyind Blackrock’s Tokenized Money Market Fund, The Blackrock USD Institutional Digital Liquidity Fund (Buidl) that Leading the SECENIASED US TREASED US TREASED US TREASED US TREASED US TREASED
The FIRM IS Active In Equity Tokenization, Creating On-Chain Shares of Listed Wallet Provider Exodus in 2022 and Entering Into An Agreement with Ether Eth$ 4,690.58 Treasury Firm FG Nexus (FGNX) to Introduce Its Common and Preferred Stock To The Ethereum Blockchain.
Ark’s Investment Follows Securitize’s $ 47 Million Fundraising Round Last Year, Led BY Blackrock and Hamilton Lane (Hlne), with Parafi Capital and Tradewed.
Prince’s Blockfi Became A Symbol of Crypto’s Lending Boom and Bust, Offering Interest-Bearing Accounts, Before Collapsing WHEN FTX’s Failure LEFT IT SHORT OF LIQUITY.
- Former Blockfi CEO ZAC PRINCE IS LEADING Galaxy Digital’s New Banking Venture, Galaxy One.
- Blockfi Filed for Bankring after the FTX Collapsse and Later Settled Sec Charges Over Unregistered Products.
- Galaxy’s Move Marks Prince’s Return to Crypto Leadership After One of the Sector’s Most Visible Failures.
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