ARK Venture Fund and ARK Investment Management LLC have moved a step closer to launching a tokenized share class, but the SEC action on the table is a notice of application, not a final appro
ARK Venture Fund and ARK Investment Management LLC have moved a step closer to launching a tokenized share class, but the SEC action on the table is a notice of application, not a final approval order, with hearing requests on ARK's tokenized share class due by September 18, 2026. The distinction matters: the Commission has said it will grant relief only if no hearing is ordered, meaning the outcome remains conditional as of early September.
The document at the center of the story, dated August 24, 2026 and published August 26, is a notice of an application carrying Investment Company Act Release 36308, File 812-16031, and it is not a final order granting the requested relief, per the SEC notice. For related coverage, see PolyNext Awards & Conference Dubai 2026: Advancing the Global Dialogue on Plastic Recycling and Circularity.
The notice sets a hearing-request deadline of 5:30 p.m. Eastern Time on September 18, 2026, and states that an order granting relief will be issued unless the Commission orders a hearing. That prospective language does not establish that an order has issued. For related coverage, see Bybit Launches Forex Perpetual Contracts With Up to 100x.
ARK application: hearing-request deadline
September 18, 2026, 5:30 p.m. Eastern Time
The SEC notice sets this deadline for hearing requests on ARK’s application for proposed Exchange and Tokenized share classes. The notice is not a final approval order; no final order was obtained in the supplied research.Reports characterizing this as a completed SEC approval of the tokenized class are, according to unconfirmed reports, ahead of the record; the fetched notice describes requested relief with a September 18 hearing-request deadline, and no final approval order was located.
ARK asks to amend and supersede its prior multiclass order to offer an Exchange Class listed on a national securities exchange and a Tokenized Class that may trade on registered alternative trading systems or other quotation mediums, according to the SEC notice.
The proposal sits atop an interval-fund structure: ARK Venture Fund is described as a continuously offered, non-diversified, registered closed-end management investment company operating as an interval fund under Rule 23c-3, with existing Class D, Class S and Class U shares, per ARK's second amended application filed August 7, 2026.
This is a securities share class, not an unrestricted transferable crypto token, a line ARK draws sharply. The application expressly does not seek relief for listing or quoting tokenized shares on DeFi platforms, with any future participation contingent on generally applicable SEC rules or staff guidance and the application's other conditions.
Access would be gated at the wallet level. Proposed condition 6 requires AML/KYC reviews of wallets and permits only approved wallets to hold Tokenized Class shares, with applicable customer-identification and sanctions controls, according to the notice, a permissioned design that echoes the constraints seen when Uniswap rolled out permissioned pools for tokenized regulated assets.
Tokenization does not convert the interval fund into an on-demand redemption vehicle. ARK retains quarterly repurchase offers at per-class net asset value, with repurchase participation allocated on a fund basis rather than by share class, meaning secondary trading is distinct from fund redemption.
On fees, the proposed conditions prohibit early withdrawal charges on both the Exchange Class and Tokenized Class and require disclosure that secondary-market purchases and sales can occur above or below NAV. Proposed condition 1 allocates class-specific costs exclusively to the relevant class, though exchange-required annual shareholder-meeting costs would be borne by all classes under Rule 18f-3.
The structure is a template for bringing a registered, permissioned tokenized fund class to regulated venues rather than open DeFi rails, part of a broader push visible in filings such as Coinbase's bid to launch 24/7 single-stock perpetuals pending CFTC approval and issuers experimenting with tokenized preferred instruments like DeFi Development Corp's CHAD preferred issuance.
The concrete trigger is the September 18, 2026 hearing-request deadline; absent a hearing order, the Commission has signaled relief will follow, but no launch details, blockchain, token symbol, trading venue, or minimum investment have been established in the record. Live implementation claims remain, according to unconfirmed reports, unverified until a final order and issuer launch materials appear.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
The post ARK Gets SEC Approval for Tokenized Venture Fund Share Class was initially published on Coincu.
