Impact on assets
Theme Impact 2
Off-coverage companies
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US asset manager ARK Invest announced on September 24 that it has tokenized its roughly $1.3 billion ARK Venture Fund through the digital securities platform Securitize. This marks the first time a fund managed by ARK Invest has been brought on-chain. ARKVX is an actively managed fund that invests in both private and public companies developing innovative technologies, with holdings including OpenAI, Anthropic, Stripe, and Databricks. Through Securitize, investors can access ARKVX tokens on Ethereum. Founder, CEO, and CIO Cathie Wood described the initiative as putting into practice her conviction about the evolution of capital markets. The partnership between the two companies began when ARK Invest made a strategic investment in Securitize in October 2025.
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Fathom and Neighborhood Weigh $130M+ Asset Deal to Replace Merger
Fathom Holdings and Neighborhood Intelligence have agreed to explore an alternative transaction that would replace their previously announced merger agreement. Under the proposed structure, Neighborhood would contribute its roughly 38.8% direct and indirect stake in tZERO, Medici-related fund assets, and its GrainChain investment to Fathom, with the contributed digital assets valued at no less than $130M. In exchange, NXH would receive newly issued Fathom shares and is expected to retain a controlling interest in Fathom after the transaction. The companies said the proposed structure would allow Fathom to pursue additional acquisitions while expanding its brokerage and title operations, and they also plan to explore blockchain and tokenization applications in real estate, including potential commercial real estate and single-family rental assets. The previously announced deal, under which Fathom shareholders would have received 0.2236 NXH shares per Fathom share, is expected to be terminated. FTHM shares rose 27% post-market.
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Ondo Finance Tokenizes Three BlackRock Portfolios on Blockchain
Ondo Finance is now packaging three investment portfolios designed by BlackRock, the world's largest asset manager, as blockchain-based tokens. The move places a subset of BlackRock-designed portfolios onto blockchain rails through tokenization, with Ondo Finance handling the packaging rather than BlackRock itself. BlackRock is described as the world's largest asset manager, underscoring the scale of the firm whose strategies are being brought on-chain. Neither the specific portfolios involved nor the value of the tokenized offerings was disclosed.