ARK Invest's funds hold approximately $10 million worth of Securitize shares
According to ChainCatcher, citing CoinDesk, ARK Invest holds approximately 3.25% of Securitize through the ARK Venture Fund. Based on the fund's net asset value of $32.53 billions as of September 30, the investment is about $10 millions, making it the fund's eighth largest holding.
Securitize was founded in 2017 and has issued $4.6 billions in tokenized assets. Its partners include BlackRock, Hamilton Lane, and Apollo, and it has issued BlackRock's tokenized money market fund BUIDL (with a scale of $2.8 billions). The tokenization market has grown by 112% this year to $33 billions, and it is expected to reach $18.9 trillions by 2033.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve is expected to purchase $220 billions in short-term Treasury bonds over the next 12 months.
The Dow Jones Index closed down 94.87 points, with the S&P 500 and Nasdaq also declining.
U.S. stocks closed slightly lower across the three major indexes, with Baidu rising over 4%
Trending news
MoreCrypto prices
More
