Cathie Wood Moves $1.3B Fund Holding OpenAI and SpaceX Onchain
TL;DR: Cathie Wood has reportedly moved a ~$1.3B fund holding stakes in OpenAI and SpaceX onchain via tokenization.
Key points
- A fund managed by ARK Invest's Cathie Wood, valued at roughly $1.3 billion, has reportedly been brought onchain.
- Its holdings are said to include private-company shares such as OpenAI and SpaceX.
- Going "onchain" means the fund's exposure is tokenized so it can be held and traded on a blockchain (asset tokenization).
Why it matters
Private AI firms like OpenAI are hard for ordinary investors to buy directly. Tokenizing such stakes could widen access — likely intensifying both investor demand for AI exposure and the accompanying debates over regulation and liquidity.