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✉news ScienceSpace first seen 5 h ago, last 11 min ago, peak #16

Cathie Wood Puts $1.3 Billion Fund Holding SpaceX and OpenAI Onchain

Original: Cathie Wood Brings $1.3 Billion Fund Holding SpaceX and OpenAI Onchain

ARK Invest, the firm led by Cathie Wood, has moved a $1.3 billion fund that holds stakes in SpaceX and OpenAI onto blockchain rails, a process known as tokenisation. The step would let investors buy fractional shares of the fund onchain, extending access to private assets like SpaceX and OpenAI that are normally out of reach for retail investors. The news has drawn attention from both crypto and investing communities, as tokenised private funds remain a rare and closely watched development in traditional asset management.

Why now: Tokenising a major fund holding high-profile private companies like SpaceX and OpenAI marks a notable crossover between traditional investing and blockchain, attracting wide interest.

Cathie WoodARK InvestSpaceXOpenAI

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