[ARK Investment Management Applies to Issue Tokenized Shares for ARK Venture Fund]
ARK Investment Management has applied to the U.S. SEC to issue a tokenized share class for the ARK Venture Fund. The U.S. SEC released a notice on August 24, setting September 18 as the deadline for hearing requests. As of January 31, the total assets of the ARK Venture Fund amounted to $562 million. The application proposes the establishment of both an exchange-traded class and a tokenized class, with tokenized shares recorded using distributed ledger technology to track ownership and transferable between registered alternative trading systems or whitelisted wallets.