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      ARK Investment Management Seeks SEC Approval for Tokenized Share Class of Venture Fund

      ARK Investment Management has submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to create a tokenized share class for its venture fund. This share class would utilize distributed ledger technology to record ownership. The SEC published a notice regarding this request on August 24, 2026, and has set a deadline of September 18, 2026, for any hearing requests before making a decision.

      The application, filed on May 20, 2026, and amended multiple times since, seeks to establish two new classes of shares: an Exchange Class that would be listed on a national securities exchange and a Tokenized Class that would allow ownership to be recorded via blockchain technology. The Tokenized Class could trade on alternative trading systems or through peer-to-peer transfers, but ARK is not seeking to list these shares on decentralized finance platforms.

      As of January 31, 2026, the ARK Venture Fund had total assets of $562 million. The fund's existing share classes have been priced at approximately $49.83, $49.69, and $49.70. The application aims to amend a prior SEC order from November 2025 that permitted multiple share classes, with the new tokenized shares to be issued at net asset value without a sales load. The Bank of New York Mellon serves as the fund's transfer agent and custodian, although the application does not specify a tokenization provider.

      The regulatory environment for tokenized assets remains uncertain, as the SEC has yet to finalize rules regarding tokenization. Recent proposals from the SEC, including an overhaul of transfer agent regulations, indicate ongoing developments in this area, with comments on the latest proposals due by November 3, 2026.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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