Catie Wood, CEO of Ark Invest, one of Crypto’s earliest traditional financial investors, hopes to bring some of the company’s funds into the chain once the regulatory environment is available for US companies to do so.
“We think tokenization will be huge,” Wood said Tuesday at the Digital Assets Summit in New York. “We want to be able to tokenize the Venture Fund (ARKVX) or the (digital asset) Revolutionary Fund.”
“I think the regulations are beginning to open up in a way that makes it possible, so we want to grab that moment,” she added.
US regulators have yet to provide a clear framework and rules for registering security tokens, making it difficult to launch products that some people believe could potentially turn into a trillion dollar market by the end of 2030.
Coinbase executives, a big hold on ARK, had previously mentioned similar outlooks, but it was vague as companies were trying to mark the tokenization industry.
At the Morgan Stanley Technology, Media and Telecom meeting earlier this month, Coinbase’s Chief Financial Officer, Allecia Hers said the crypto exchange is in consultation with the Securities and Exchange Commission (SEC) to issue security tokens.
Base founder Jesse Pollack said it was the Ethereum Layer 2 network built by Coinbase, and later in a post on X that there was no “specific plan” to tokenize Coinbase stocks.
“We are in the exploratory stage and are working to understand what we need to unlock from a regulatory perspective in order to safely adapt and adapt assets like $COIN and bring them to @base with future looks,” he writes.
