ARK Asks SEC To Approve Tokenized Share Class of Venture Fund

Crypto Insight Summary: A pending exemptive application would let ARK Venture Fund record ownership of a new share class using distributed ledger technology and trade it on registered ATS venues. Hearing requests are due Sept. 18. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Potential for tokenized assets but SEC approval uncertain.