Mubadala Capital tokenizes private markets fund on blockchain with Coinbase investment

Mubadala Capital, the asset management arm of Abu Dhabi's sovereign wealth fund, has tokenized one of its private markets strategies using KAIO's infrastructure. According to the companies, the fund is available on Base, Solana and Sui and has attracted approximately $75 million in onchain assets. Coinbase is taking exposure to the fund on its corporate balance sheet, which CoinDesk described as an early example of a publicly traded crypto company investing in a tokenized private markets product. The launch also reflects the UAE's broader push to become a hub for tokenized finance.

Mubadala Capital tokenized fund launch

• ▪Mubadala Capital launched a tokenized version of one of its private markets investment strategies for qualified investors
• ▪Mubadala Capital manages and administers over $600 billion in assets across private equity, credit, venture capital, and co-investment
• ▪According to the companies, the tokenized Mubadala Capital fund has attracted approximately $75 million in onchain assets

KAIO tokenization infrastructure platform

• ▪KAIO has funds from BlackRock, Brevan Howard and Hamilton Lane live on its platform, with around $150 million in total assets across more than 10 blockchains.The tokenized Mubadala Capital fund has attracted approximately $75 million in onchain assets from traditional and crypto-native allocators
• ▪UAE-based tokenization specialist KAIO provides the infrastructure that issues, administers, and turns Mubadala Capital's fund into a compliant token

Multi-chain deployment strategy

• ▪To access the tokenized fund, investors must complete onboarding offchain through a licensed fund administrator to receive an on-chain profile
• ▪The tokenized Mubadala Capital fund is deployed across three blockchain networks: Coinbase's Base network, Solana, and Sui

Coinbase balance sheet investment

• ▪Coinbase's addition of the tokenized fund to its corporate balance sheet is an early example of a publicly traded crypto company investing in a tokenized private markets product
• ▪Coinbase is taking exposure to the tokenized Mubadala Capital fund by adding the asset directly to its corporate balance sheet

Institutional tokenized fund adoption trend

• ▪According to an April report by DeFi and blockchain company Theo cited by The National, the tokenized real-world assets market crossed $30 billion in early 2026, representing a 300 percent year-on-year increase
• ▪The same Theo report cited by The National said BlackRock's BUIDL fund, a tokenized money market product launched in 2024, surpassed $2.5 billion in assets by May 2026

UAE digital asset regulatory hub

• ▪Abu Dhabi Global Market serves as a regulatory jurisdiction for digital asset infrastructure, custody, and regulated capital markets
• ▪The United Arab Emirates, specifically Abu Dhabi and Dubai, is positioning itself as a hub for tokenized finance by rolling out crypto regulatory frameworks