Coinbase Backs Tokenized Version Of Abu Dhabi's Mubadala Private Markets Fund

Coinbase has partnered with Mubadala Capital and infrastructure specialist KAIO to create a digital token representing Mubadala's private markets fund. This token is part of a larger effort to broaden access to these investments while maintaining regulatory standards.

The fund, which oversees nearly $400 billion in assets, focuses on private equity-style investments. Until now, these opportunities have been largely limited to large institutional or high-net-worth clients with established private banking relationships.

Coinbase will host the token on its Base blockchain, alongside Solana and Sui. Notably, Coinbase plans to purchase the token and hold it on its corporate balance sheet, setting a precedent for other institutions.