Coinbase Teams Up with Mubadala Capital on Tokenized Private Markets Fund

Coinbase has partnered with Abu Dhabi-owned Mubadala Capital and infrastructure specialist KAIO to create a regulated digital token representing Mubadala's evergreen private markets fund. The announcement was made on July 23, 2026.

The new token will be backed by the Mubadala Private Markets fund, which is managed by Mubadala Capital. This collaboration marks one of the clearest signals yet that major institutional players are embracing digital assets and tokenization.

Mubadala Capital's evergreen private markets fund is a type of investment vehicle that allows for continuous fundraising from investors without requiring a fixed lifespan or exit strategy. The tokenized version will enable more efficient and secure management of the fund, as well as improved transparency and liquidity for investors.