Cathie Wood: To tokenize the company's funds as permitted by US regulations

PANews March 19th news, according to CoinDesk, Ark Invest CEO Cathie Wood hopes to put some of the company's funds on the chain as permitted by the US regulatory environment. "We think tokenization will be very important, and we want to be able to tokenize our Venture Fund (ARKVX) or our Digital Asset Revolution Fund. I think regulation is gradually opening up and that will allow us to do that. So we want to seize this opportunity."

Coinbase, the main holding company of Ark Invest, is also exploring the issuance of securities tokens, but there is a lack of specific plans as it is being discussed with the Securities and Exchange Commission (SEC). Although the market size is expected to grow to $1 trillion by 2030, regulatory uncertainty still hinders the tokenization process in the United States.