ARK Invest, the investment management firm led by Cathie Wood, has made a significant move by investing $10 million in Securitize, a tokenized asset firm that has garnered backing from financial giant BlackRock. The source notes that this strategic investment underscores ARK's commitment to the burgeoning tokenization sector.
Securitize's New Investment and Ranking
With this latest investment, Securitize now ranks as the eighth largest holding in ARK's ARK Venture Fund portfolio, which boasts net assets totaling $3.253 billion as of September 30. Founded in 2017, Securitize has carved a niche for itself by specializing in the tokenization of real-world assets, including bonds and stocks, utilizing blockchain technology.
Partnership with BlackRock
Securitize is also known for its partnership with BlackRock on the BUIDL Fund, a tokenized U.S. Treasury fund that manages approximately $2.8 billion in assets. This collaboration highlights the growing intersection of traditional finance and blockchain technology.
Trends in Tokenization Market
ARK Invest is keen to capitalize on the following trends as the tokenization market is expected to expand significantly in the coming years:
- Increased adoption of blockchain technology
- Expansion of tokenized assets
- Integration of traditional finance with digital assets
