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first_img ARK partners with Securitize to tokenize venture capital funds, holdings include OpenAI and Anthropic

According to CoinDesk, asset management company ARK Invest announced a partnership with tokenization platform Securitize to tokenize its ARK Venture Fund (ARKVX), initially issuing it on Ethereum, with potential expansion to other blockchains in the future. The fund invests in private and public companies, with holdings including OpenAI, Anthropic, Stripe, and Databricks. ARK founder and CEO Cathie Wood stated that bringing the ARK Venture Fund on-chain is a natural extension of its mission to democratize investment in disruptive innovation.Securitize CEO Carlos Domingo stated that this move provides investors with diversified exposure to popular private tech companies, allowing them to hold both OpenAI and Anthropic simultaneously if they are uncertain about which will win the AI race. He also noted that tokenization does not put these companies or their shares on-chain; instead, investors receive an on-chain representation of the fund's equity, while the underlying assets remain private, but user investments are liquid. Securitize also plans to provide daily net asset values and support on-chain market trading of fund equity.This collaboration builds on the existing relationship between the two parties, as ARK made a strategic investment in Securitize last year. Currently, Wall Street asset management companies are accelerating the introduction of traditional financial products to the blockchain, with early attempts like BlackRock's BUIDL and Franklin Templeton's BENJI fund primarily focused on U.S. Treasury and money market products, now expanding into stocks and private markets.

first_img Raiffeisen partners with Bitpanda to provide cryptocurrency trading in 11 European markets

Raiffeisen Bank International (RBI) announced a group-level collaboration with Bitpanda to expand its cryptocurrency asset layout. According to a joint announcement released by both parties on Wednesday, Bitpanda Enterprise will provide digital asset infrastructure for member banks within the RBI network to launch cryptocurrency services, potentially covering around 18 million customers. The announcement stated that each member bank will decide on the specific service content and launch pace based on local market conditions and regulatory requirements.RBI CEO Michael Höllerer stated that the demand for cryptocurrency assets in the markets where the group operates is continuously growing, thus the decision to collaborate with Bitpanda to address this. He mentioned that as a customer-centric bank, RBI is committed to meeting customer needs in the best possible way. Bitpanda indicated to Cointelegraph that this promotion is still in the early stages and will be gradually advanced based on local market and regulatory requirements, with further details to be announced once each market is confirmed.This collaboration builds on the cryptocurrency integration launched in 2024 with Raiffeisenlandesbank Niederösterreich-Wien in Austria. Bitpanda has obtained authorization under the EU's Markets in Crypto-Assets Regulation (MiCA) and stated that it is regularly communicating with banks and financial institutions exploring cryptocurrency brokerage services, but declined to comment on ongoing or confidential negotiations.
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