Cathie Wood Plans to Tokenize Ark Invest Funds

Cathie Wood, CEO of Ark Invest, announced her intent to tokenize some of the firm's funds, including the Venture Fund and Digital Asset Revolution Fund, citing the potential of tokenization to revolutionize financial markets. Speaking at the Digital Asset Summit in New York, she expressed optimism about evolving regulations that may soon allow such innovations. Wood emphasized that tokenization could enhance accessibility and liquidity in investment opportunities, potentially creating a multi-trillion-dollar market by 2030. However, she noted that a lack of clear regulatory guidelines from the U.S. Securities and Exchange Commission poses a challenge for many firms interested in this space. Despite her excitement about tokenization, Wood remains cautious about certain areas of cryptocurrency, specifically memecoins, which she advises investors to approach with caution. Overall, she maintains a bullish outlook on Bitcoin and its future growth potential.