ARK Invest, an asset management firm led by Cathie Wood, has invested $10 million in Securitize, a tokenized firm backed by BlackRock.
According to its official fund portfolio, Securitize is now the eighth largest investment in ARK’s ARK Venture Fund portfolio, which includes this investment. Based on ARK’s net assets of $325.3 million as of September 30, the fund’s most recent report shows that about 3.25% of its assets are invested in Securitize.Â
Founded in 2017, Securitize lets users tokenize real-world assets (RWAs) like bonds, stocks, and funds on blockchain networks. The company is best known for working with BlackRock on the BUIDL Fund, which is a tokenized U.S. Treasury fund that has about $2.8 billion in assets right now.
The investment shows that ARK is becoming more interested in tokenizing real-world assets. This is a sector that is expected to be worth trillions of dollars in the next few years as more traditional institutions move toward blockchain-based financial infrastructure.
BlackRock and Hamilton Lane, with ParaFi Capital and Tradeweb, led a funding round for Securitize earlier this year that raised $47 million. Furthermore, earlier this month, FG Nexus teamed up with Securitize to let shareholders turn both common and preferred shares into tokenized shares on the Ethereum blockchain.
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