ARK Invest and Securitize said eligible investors can hold tokenized interests in the ARK Venture Fund on Ethereum, giving them exposure to ARKVX through the managed fund. Securitize will manage on-chain issuance and the investor experience. The interval fund (a fund with periodic redemption windows) offers to repurchase up to 5% of outstanding shares at net asset value each quarter, while its shares remain unlisted and no secondary market is expected. A Sept. 21 SEC (U.S. Securities and Exchange Commission) order permits a tokenized share class that may eventually trade on alternative trading systems or other quotation services, subject to approved-wallet controls and the emergence of buyers.