Cathie Wood Expresses Intent to Tokenize Ark Invest Funds
Cathie Wood, CEO of Ark Invest, aims to bring funds on-chain once U.S. regulations permit this. She expressed interest in tokenizing the Venture Fund (ARKVX) and Digital Asset Revolution Fund at the Digital Asset Summit in New York.
Key points include:
- Wood believes tokenization will be significant for investment funds.
- Current regulatory uncertainty hinders the launch of security tokens by companies like Ark.
- U.S. regulators have not established clear rules for registering security tokens.
- Coinbase executives share a similar vision but face challenges in the tokenization space.
- Coinbase is discussing issuing a security token with the SEC after a previous attempt failed.
- No concrete plans exist for tokenizing Coinbase’s stock as they explore regulatory requirements.