Coinbase’s investment and the infrastructure partner KAIO are supporting a new tokenization effort tied to Abu Dhabi’s sovereign wealth fund Mubadala. Multiple reports say Mubadala Capital, the sovereign wealth-backed asset manager, is moving one of its private-markets funds toward an onchain format. KAIO is described as building the architecture needed to tokenize Mubadala’s private-markets fund, enabling it to operate as a tokenized onchain asset.
The tokenization is reported to be deployed across several blockchain networks. CoinDesk specifically says the fund is set to be brought onchain across Base, Solana, and Sui. Fortune frames the effort more broadly around Coinbase’s stake and the role of KAIO in providing the technical infrastructure to tokenize Mubadala’s private-markets fund.
Across the coverage, the common thread is collaboration among Mubadala Capital, KAIO, and Coinbase, with the stated goal of making a Mubadala private-markets fund available in a tokenized form and supporting distribution or operation on public blockchain networks.
