Cathie Wood's ARK Invests in BlackRock-Backed Securitize

ARK Invest has made a significant investment in Securitize, a tokenization firm, valuing the stake at approximately $10 million. This investment represents 3.25% of the ARK Venture Fund's assets, making Securitize its eighth-largest position. The trend of tokenizing real-world assets is booming, with the market doubling in size this year alone and projections indicating it could reach trillions by the end of the decade. Securitize, established in 2017, has facilitated the issuance of $4.6 billion in tokenized assets and operates in collaboration with major financial players, including BlackRock and Hamilton Lane. The firm is notably recognized for its role in BlackRock's tokenized money market fund, which manages $2.8 billion in assets. Following a successful fundraising round last year led by BlackRock, this investment underscores ARK's commitment to leveraging the financial innovations associated with tokenization, a sector poised for substantial growth.

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