#KAIO

Abu Dhabi's Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund

Mubadala Capital, the asset management arm of Abu Dhabi's sovereign wealth fund, has launched a tokenized version of its private markets strategy on the blockchain. Utilizing infrastructure from UAE-based firm KAIO, the fund is accessible across the Base, Solana, and Sui networks and has already secured approximately $75 million in assets. Coinbase has notably integrated the fund into its corporate balance sheet, marking a significant instance of a publicly traded crypto firm investing in a tokenized private markets product. This development highlights the accelerating trend of major institutional players, including BlackRock and Franklin Templeton, migrating traditional fund infrastructure to blockchain rails to enhance accessibility and composability. By tokenizing these assets, Mubadala aims to extend institutional-grade investment opportunities to a broader range of qualified investors while maintaining rigorous management standards. The move aligns with the UAE's strategic ambition to establish itself as a global hub for tokenized finance through supportive regulatory frameworks. As traditional finance firms continue to modernize, the integration of programmable, regulated assets into the onchain economy represents a critical step toward the projected multi-trillion dollar growth of the tokenized securities market.

CoinDesk·4h ago