SEC Clears ARK Venture Fund For Tokenized And Exchange-Traded Share Classes

TL;DR The SEC granted ARK Venture Fund amended exemptive relief covering two new share classes. The structure allows an Exchange Class and a Tokenized Class whose ownership can be recorded through distributed-ledger technology. The order permits the structure, but ARK has not announced that the new shares are already trading. ARK Venture Fund has secured an SEC order that gives it room to experiment with two very different distribution rails for the same underlying investment product. Release No