Abu Dhabi's Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund
Abu Dhabi's Mubadala Capital has launched a tokenized private markets fund on the blockchain, utilizing infrastructure from the firm KAIO. Coinbase has also taken an investment stake in the fund, signaling a broader trend of traditional finance firms adopting blockchain technology for asset management.
Why it matters
The integration of traditional assets onto blockchain rails represents a significant shift in financial infrastructure, potentially increasing liquidity and accessibility for global investors.
The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its private markets strategies for qualified investors using infrastructure from KAIO , a UAE-based tokenization specialist.
The fund is available on Coinbase's Base network, Solana and Sui and has already attracted about $75 million in onchain assets, according to the companies.
Coinbase (COIN) is also taking exposure to the fund on its own balance sheet, an early example of a publicly traded crypto company investing in a tokenized private markets product. The companies didn't disclose the size of the investment.
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