ARK asks SEC to approve tokenized share class for $562M venture fund

ARK Investment Management has asked the U.S. Securities and Exchange Commission to approve a tokenized share class for its $562 million venture fund, allowing ownership records to be maintained using distributed ledger technology. Summary ARK has asked the SEC to approve a tokenized share class for its $562 million venture fund. The shares could trade through registered ATS platforms or between approved wallets, with ownership recorded using distributed ledger technology. ARK has not named a blockchain or tokenization provider for the proposed share class. The SEC has set Sept. 18 as the deadline for hearing requests before it can act on ARK’s application. According to an application filed with the SEC, ARK Venture Fund wants to add a Tokenized Class alongside a new Exchange Class by amending an exemptive order the regulator granted in November 2025. The SEC published notice of the request on Aug. 24 and set Sept. 18 as the deadline for requests for a hearing. ARK filed the original application on May 20 before submitting amendments on June 11 and Aug. 7 under file number 812-16031. The filing seeks relief under sections 6(c), 18 and 17(d) of the Investment Company Act, along with ...