According to CoinMeta, ARK Investment Management has applied to the U.S. Securities and Exchange Commission (SEC) for the issuance of tokenized shares under ARK Venture Fund. The U.S. SEC issued a notice on August 24th and set September 18th as the deadline for hearing requests. As of January 31st, ARK Venture Fund had total assets of $562 million. The application proposes to establish exchange categories and tokenization categories, with tokenized shares having ownership recorded through distributed ledger technology and being transferable between registered alternative trading systems or whitelisted wallets.