Ark Invest Cathie Wood says she wants to tokenize company funds
Ark Invest Cathie Wood says she wants to tokenize company funds
Ark Invest CEO and well-known crypto bull Cathie Wood looks to tokenize the company’s funds once the U.S. has formed a corresponding set of regulations, Coindesk reports.
Speaking at the Digital Asset Summit in New York on Tuesday, Wood dubbed tokenization as “huge,” adding that she’s looking forward to tokenizing the company’s Venture Fund.
“We think tokenization is going to be huge. We’d love to be able to tokenize our Venture Fund (ARKVX) or our Digital Asset Revolution Fund,” she noted.
Wood added that the regulatory landscape appears to be changing in favor of investors willing to capitalize on such opportunities.
“I think the regulations are starting to open up in a way that will allow us to do that. So we'd like to seize the moment."
Wood has been a strong advocate for Bitcoin and the broader cryptocurrency space who views it as the "digital gold" of the future, which could serve as a store of value and hedge against inflation.
Coinbase awaiting regulatory clarity
Major Ark Invest holding Coinbase is likewise exploring security token issuance while its negotiations with the SEC persist.
Jesse Pollack, the founder of Base, the Ethereum Layer 2 network built by Coinbase, later said in a post on X that there were no “concrete plans” to tokenize Coinbase’s stock.
“We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to @base in a safe, compliant, future looking way,” he wrote.
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Speaking at the Morgan Stanley Technology, Media and Telecom Conference Coinbase Chief Financial Officer Alesia Haas earlier this month said that the crypto exchange is in talks with the SEC to issue a security token after Coinbase attempted to go public with such a product in 2020 in vain.
Trump’s crypto thaw
While U.S. President Donald Trump is more open to the crypto industry than President Joe Biden. In early December 2024, he nominated crypto-friendly Paul Atkins as the Chairman of the U.S. Securities and Exchange Commission, who is set to replace the more cryptoskeptic Garry Gensler.
Atkins has advocated for clear and comprehensive regulation of the cryptocurrency market. He believes that the lack of clear regulatory guidelines has led to a lot of confusion and hindered growth in the industry
This includes a clear framework and rules for registering security tokens, without which it is difficult for entities like Ark to launch products in the booming space that some believe could become a multi-trillion-dollar market by the end of 2030.
Atkins' confirmation hearing is slated to take place on March 27.
Previously, we reported that Wood believes memecoins to be worthless.
