Cathie Wood’s ARK Invest To Beat BlackRock, Fidelity In SEC Tokenized Fund Race

Cathie Wood’s ARK Invest is becoming the clear frontrunner in the effort to launch the first tokenized investment funds in the U.S., according to reports. The update suggests that ARK Invest could outpace other competitors such as BlackRock and Fidelity if the Securities and Exchange Commission rolls out an innovation exemption that is linked to transfer agents.