Abu Dhabi's Mubadala Capital and Coinbase partner on onchain fund tokenization initiative.
RWA & Tokenization ·
Mubadala Capital, Abu Dhabi's sovereign wealth-backed asset manager, has brought one of its private markets funds onto blockchain using KAIO infrastructure, with the tokenized product now live on Base, Solana, and Sui networks and holding approximately $75 million in onchain assets. Coinbase is taking direct exposure to the fund on its corporate balance sheet, marking an early instance of a major publicly traded crypto firm investing in a tokenized private markets offering. The move reflects broader institutional adoption of fund tokenization, with Mubadala joining BlackRock, Franklin Templeton, Apollo, Fidelity, and others in moving investment strategies onchain.