Cathie Wood Brings $1.3 Billion Fund Holding SpaceX and OpenAI Onchain

Cathie Wood’s ARK Invest is tokenizing its ARK Venture Fund with Securitize, putting it on the Ethereum blockchain. The fund owns stakes in OpenAI, Anthropic, and SpaceX. OpenAI and Anthropic do not trade on any stock exchange. ARK and Securitize announced the move on Sept. 24.

Bloomberg reported the fund’s size at about $1.3 billion. What the ARK Venture Fund Onchain Offers Investors Tokenizing means recording ownership as a digital token on a blockchain, a public ledger anyone can check.

Eligible investors buying through Securitize get exposure to the fund’s portfolio this way, according to the release. That portfolio is mostly private. About 78% of the fund sat in companies without a public stock ticker as of August 31, ARK’s holdings file shows.

SpaceX was the top position at 7.54%. OpenAI made up 5.26% and Anthropic 3.86%. ARK first opened this door in September 2022. It launched the fund with a $500 minimum, calling venture capital a market long reserved for wealthy investors, its announcement said.