ARK seeks SEC approval for tokenized share class in its venture fund

ARK Investment Management requested the SEC to allow its ARK Venture Fund to offer a tokenized share class, which could pave the way for blockchain ownership and secondary trading for a registered interval fund.

However, ARK has no plans to introduce the new share class at this point. The company filed the Second Amended Application with the SEC on August 7, seeking to modify the order issued in 2025 prohibiting the fund from offering shares in the unlisted category without a secondary market.

Two new share classes, one on a blockchain

The ARK Venture Fund is a non-diversified closed-end interval fund functioning as a Delaware statutory trust and engaging in investments in both public and private entities utilizing disruptive innovations. Its offerings bear the names Class D (ARKVX), Class S (ARKSX), and Class U (ARKUX).

Those classes come with different costs. ARK’s prospectus lists net annual fund expenses after reimbursement of 2.90% for Class D, 3.60% for Class S and 3.50% for Class U. Class D and U have no sales load, while Class S may carry one of up to 3.50%. Their distribution and shareholder-services fees are 0.15%, 0.85% and 0.75%, respectively.

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