ARK Files for Tokenized-Market ETF Among 14-Fund Lineup

ARK ETF Trust has filed a preliminary prospectus for an ARK Tokenized Market Infrastructure ETF, one of 14 funds covered in a Nov. 6 registration statement amendment, according to the filing with the U.S. Securities and Exchange Commission.

The actively managed fund would invest in companies that ARK's adviser believes are building infrastructure for tokenized real-world assets and on-chain capital markets. Its target sectors include tokenization platforms, stablecoin issuers, exchanges, brokerages, custodians and settlement networks.

The filing lands as Wall Street's largest asset managers race to package tokenization exposure for retail and institutional investors, and ARK's approach sidesteps a direct crypto bet entirely.

How would the fund get its exposure?

Most of the fund's exposure would come through total-return swaps rather than direct equity purchases, though the structure also allows direct investment in the shares of qualifying companies.

A separate layer of swaps may reference U.S.-listed exchange-traded products tied to Ether (ETH), Solana (SOL) and other native digital assets of networks relevant to tokenized markets. That would give the fund indirect price exposure to those assets without holding them. The prospectus states the fund would not directly invest in digital assets or in the ETPs used as swap references.

Under normal market conditions, at least 80% of the fund's assets would follow its tokenized-market strategy. Cash parked in U.S. government securities, money-market instruments and other short-term fixed-income holdings counts toward that threshold — a common structuring choice that keeps a fund compliant while it holds collateral against its swap positions.

Where does the fund sit in ARK's lineup?

The proposed ETF is one of 14 funds in ARK's thematic registration, a lineup that also covers neobanks, artificial intelligence, robotics and health. Neither a ticker nor a management fee has been disclosed.

For ARK, the filing extends a strategy the firm has already tested in crypto-linked products: express a thematic thesis through listed instruments and derivatives rather than spot holdings. The swap-referencing structure means the fund's operational risk profile sits with counterparties and ETP liquidity, not with custody of on-chain assets.

The legal machinery matters here. The registration statement is not yet effective, so shares cannot be sold, and the SEC has not approved or disapproved the proposed securities. That puts the fund on the standard review track: effectiveness would clear the path to a launch, while any SEC comment cycle could reshape the derivative language before then.

ARK has not disclosed a target launch date, so the near-term milestone to watch is SEC effectiveness of the registration statement.