ARK Investment Management has asked the U.S. Securities and Exchange Commission to approve a tokenized share class for ARK Venture Fund, a continuously offered closed-end interval fund. The filing, published by the SEC on Aug. 24, sets Sept. 18 as the deadline for hearing requests before the agency can issue an order. Rather than wait for a broader SEC tokenization framework that has been discussed but not released, ARK is using the standard exemptive application process and says it is not seeking relief on the underlying blockchain mechanics themselves. The proposed amended order would add two new classes: an Exchange Class that would list on a national securities exchange, and a Tokenized Class whose ownership records would be maintained using distributed ledger technology. The tokenized shares could trade on alternative trading systems registered under Regulation ATS, on other quotation mediums, or through peer-to-peer transfers between whitelisted wallets. The filing does not seek permission to list or quote those shares on DeFi platforms. The application does not identify a tokenization vendor, transfer agent, or blockchain network. It also arrives while the SEC’s broader rules around tokenized securities, transfer agents, and crypto asset exemptions are still developing.

ARK Investment Management has filed an exemptive application with the U.S. Securities and Exchange Commission seeking to create a tokenized share class for ARK Venture Fund. The SEC published notice of the filing on Aug. 24 and set Sept. 18 as the deadline for hearing requests. The continuously offered closed-end interval fund held $562 million in total assets as of Jan. 31. ARK proposes an exchange-traded class listed on a national securities exchange and a tokenized class whose ownership would be recorded through distributed ledger technology. The tokenized shares could move through registered alternative trading systems or directly between whitelisted wallets. The filing does not name a blockchain or tokenization provider. BNY Mellon currently serves as the fund's transfer agent, administrator and custodian.

ARK Venture Fund and ARK Investment Management have asked the U.S. Securities and Exchange Commission to amend an existing exemptive order, opening the door for a new class of tokenized fund shares recorded on distributed ledger technology. The filing, published by the SEC on Aug. 24, also proposes an exchange-traded share class, while the tokenized class would be able to trade on regulated alternative trading systems, through other quotation mechanisms, and by peer-to-peer transfers between eligible wallets. The structure is not open-ended. Wallets holding tokenized shares would need to pass KYC and AML checks conducted by the fund and its transfer agent, and only approved wallets could hold the assets. ARK also said prices for tokenized shares traded on an exchange, ATS, or in peer-to-peer transactions could differ from the fund’s net asset value. If approved, ARK could become the first major U.S. asset manager to launch tokenized securities through a case-by-case SEC exemption. The move lands as the SEC’s broader innovation exemption for tokenized securities remains pending, leaving individual exemptive relief as the current route for limited market testing.

According to The Rollup host Andy, a source says a major fund has received SEC approval to tokenize fund shares on-chain and trade them against underlying assets. The fund may involve Fidelity, ARK Invest, or BlackRock. The news is unconfirmed, pending SEC Chair Atkins' confirmation.

According to a tweet by The Rollup founder Andy, citing sources, ARK Invest could become one of the first asset managers to list tokenized securities through a transfer agent, leveraging an SEC innovation exemption. The process is expected to start with ARK's own funds and then expand to other products. Fidelity, WisdomTree, and others are "very likely" to follow.

Wang Chun, co-founder of mining pool F2Pool, recalled blacklisting the entire Zcash team six years ago after a member repeatedly confused EST and EDT. He called it one of his "best decisions," and sarcastically linked the error to a BlockFi incident where $701.4 was mistakenly sent as 701.4 BTC. Wang also revealed he cleared his ZEC position last week and switched to DOGE. The critique echoes his 2020 comments questioning the team's understanding of zkSNARKs.

ChainCatcher’s latest morning roundup spans a wide mix of crypto, macro, security and tech-capex developments from the past 24 hours. Bitcoin slipped nearly 1% to around $79,700 as rising oil prices, linked in the report to an escalation between the U.S. and Iran, added fresh pressure to risk assets. At the same time, spot crypto ETFs kept attracting money, with Bitcoin spot ETFs posting $987 million in weekly net inflows and Ethereum spot ETFs drawing $218 million, both marking a third straight week of net inflows. Beyond price action, several project and security updates stood out. Vitalik Buterin pushed back on claims that AI could break Bitcoin’s security assumptions, while Galaxy Research said roughly 45% of the assets stolen in the Coldcard “Wave 3” incident have now moved into cross-chain or mixing paths. Liquid Network and SideSwap also remained in focus after an exploit involving 4,000 L-BTC, and Blockstream said the vulnerability tied to the incident had been patched. On the corporate and policy front, KB Securities warned that Samsung Electronics and SK Hynix have memory inventories below 10 days, pointing to a tighter supply picture as AI infrastructure spending expands. The Wall Street Journal separately reported that Hunter Biden plans to launch a meme coin called LAPTOP on Base on Sept. 9, with a detailed token allocation, lockup and burn-or-charity framework tied to preset future events.

Cathie Wood's ARK Invest reversed its recent selling of Robinhood shares, buying 28,589 HOOD shares on September 4, worth around $3.5 million. The purchase ends a 9-day pause after she sold 25,009 shares on August 26. Robinhood's stock has gained over 30% in the past month, outperforming Bitcoin's 23% rise to near $80,000. Deutsche Bank boosted its price target for Robinhood from $115 to $136 on September 4, citing the explosive growth of its Robinhood Chain fee income, which jumped from under $200,000 per day in mid-August to over $3 million by early September. The bank expects the annualized run rate to exceed $100 million. HOOD is now the seventh-largest holding in the ARK Innovation ETF at a 4.28% weight. Wood also added to positions in Veracyte, Intellia Therapeutics, and the 3iQ Solana Staking ETF, while trimming Tempus AI and Twist Bioscience.