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      ARK Partners with Securitize to Tokenize Venture Fund Holding Equity in OpenAI, Anthropic and Others

      PANews reported on September 24, citing CoinDesk, that Cathie Wood's ARK Invest has partnered with Securitize to tokenize its ARK Venture Fund (ARKVX). The fund's portfolio includes private tech companies such as OpenAI, Anthropic, Stripe and Databricks. Tokenization will be carried out with Securitize providing on-chain issuance and investor services. ARKVX will first launch on Ethereum and may expand to other blockchains in the future. This tokenization does not mean the shares of the underlying portfolio companies themselves are put on-chain or opened up for free trading; investors receive a blockchain-based representation of fund interests. Securitize also plans to provide daily net asset value and support trading of fund interests on blockchain markets.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud