- Mubadala launches a $75 million tokenized private fund across Solana, Base and Sui.
- Coinbase joins as an investor as institutional adoption of blockchain grows.
Mubadala Capital has launched a tokenized private markets fund that has attracted about $75 million from institutional and digital asset investors. The move brings traditional private investments onchain through infrastructure provider KAIO while Coinbase takes an undisclosed stake in the product.
The tokenized fund gives qualified investors access to the Mubadala Capital Alternative Solutions Fund, an evergreen strategy focused on private equity, direct investments and credit opportunities.
Mubadala Brings Private Markets Access Onchain
Mubadala Capital introduced the tokenized investment product through KAIO, a UAE-based platform that manages the issuance and distribution of regulated digital funds.
The fund is available across three blockchain networks: Solana, Base and Sui. KAIO handles investor access, compliance requirements and onchain administration for the tokenized structure.
The offering does not open private market investments to the general public. Access remains limited to accredited and qualified investors who meet the fund’s requirements.
Max Franzetti, head of Mubadala Capital Solutions, said the move brings private market access to a new group of eligible investors through blockchain technology.
The companies have not revealed details about minimum investments, fees, redemption terms or the number of investors participating in the fund.
Coinbase Takes Direct Exposure to Tokenized Assets
Coinbase is joining the project as an investor rather than only supporting the infrastructure behind it.
The exchange will add exposure to the Mubadala tokenized fund to its balance sheet. However, Coinbase has not disclosed the size of its investment, timing or accounting treatment.
The move expands Coinbase’s involvement in tokenized assets. The company previously launched its CUSHY tokenized credit strategy, which focuses on digital credit and private asset-backed lending opportunities.
By investing in Mubadala’s fund, Coinbase gains exposure to a private markets product backed by one of Abu Dhabi’s major investment firms.
KAIO Expands Multichain Tokenized Fund Infrastructure
KAIO provides the technology needed to issue and manage regulated tokenized funds. Its platform allows approved investors to access digital versions of traditional investment products while maintaining compliance controls.
The company has previously supported tokenized products connected to major financial firms, including BlackRock, Brevan Howard, Hamilton Lane and Nomura’s Laser Digital.
Tokenization can simplify fund administration and improve ownership tracking. However, blockchain-based fund tokens still follow traditional investment rules, including transfer restrictions, valuation limits and lock-up periods.
Solana Sees More Institutional Tokenization Growth
The Mubadala launch adds to rising institutional interest in tokenized assets on public blockchains.
Solana has seen increased activity from financial institutions exploring tokenized funds and real-world assets. Recent launches include tokenized cash management products and credit-related investment vehicles.
While Solana highlighted Mubadala’s fund launch on its network, the product also operates on Base and Sui. KAIO has not disclosed how the $75 million investment is distributed across the three chains.
The launch marks another step in the adoption of blockchain-based financial products. However, the fund remains focused on institutional investors rather than retail users.
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