Abu Dhabi's Mubadala Capital Tokenizes $75M Private Market Fund on Base and Solana
Mubadala Capital, the investment arm of Abu Dhabi's $385 billion sovereign wealth fund, has partnered with Coinbase and local fintech company Kaio to tokenize one of its private market funds. The tokenized fund, which is operational on Base, Solana, and Sui blockchains, raised $75 million from investors including Coinbase itself.
This move marks a significant expansion in access to an investment approach previously reserved for institutional participants. Through regulated digital asset infrastructure, the fund can now reach a broader set of qualified investors worldwide, bypassing traditional document-heavy procedures.
The tokenized real-world assets sector has seen rapid growth, exceeding $30 billion in 2026, according to a report by DeFi and blockchain firm Theo. This represents a 300% annual increase from the previous year.
Max Franzetti, head of Mubadala Capital Solutions, stated that the strategy relies on privileged access to deal flow, co-investment opportunities, and a global network unreachable by most investors independently. He noted that moving it onto blockchain networks extends that access to a fresh category of qualified investors while preserving the institutional rigor that guides their investments.
Brett Tejpaul, co-chief executive of Coinbase Institutional, remarked that adding exposure to a tokenized Mubadala Capital strategy to Coinbase's balance sheet highlights the increasing maturity of regulated real-world assets. This initiative aligns with Abu Dhabi's emphasis on institutional Bitcoin and digital asset infrastructure, along with regulated capital markets via Abu Dhabi Global Market.
The tokenized asset market remains modest compared to global capital markets but is expanding swiftly. Projections for the sector range from $2 trillion by 2030, excluding cryptocurrencies and stablecoins, per McKinsey, to $30.1 trillion by 2034, according to Standard Chartered.