Abu Dhabi's Mubadala Capital brings tokenized private fund to Solana
Mubadala Capital, the asset management arm of Abu Dhabi's $385 billion sovereign wealth fund, has launched a tokenized version of its private markets fund. Developed in collaboration with Coinbase and the tokenization firm KAIO, the initiative went live on July 23, 2026, across the Base, Solana, and Sui blockchains. The fund has already secured approximately $75 million in onchain capital, marking a significant milestone as Coinbase utilizes the asset for its own treasury management. This development highlights a shift from pilot programs to operational deployment within the $17 billion tokenized asset market. While public securities like Treasuries currently dominate the sector, Mubadala's entry into private market tokenization signals growing institutional interest in complex asset classes. The move leverages the high-speed, low-cost infrastructure of networks like Solana, which recently saw tokenized equity trading reach $5.8 billion. By restricting access to qualified and accredited investors, the project maintains strict regulatory compliance while modernizing traditional private equity and credit workflows.









