Wood Sister is planning to move fund shares directly onto the blockchain! ARK is applying to the SEC to amend its exemption order, aiming to introduce 'tokenized shares' that can be traded on compliant ATS platforms in the future, as well as transferred peer-to-peer between whitelisted wallets. In the past, Wall Street focused on turning assets into on-chain products for RWA; now they're starting to explore turning fund shares themselves into transferable on-chain securities. If ARK gets approved, this path might soon attract more major asset management institutions.