Mubadala Capital Tokenizes $430B Fund on Multiple Blockchains with Coinbase
Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Company, has made a significant move into blockchain technology by tokenizing one of its funds. The company oversees roughly $430 billion in assets managed, advised, or administered.
The product is the Mubadala Capital Alternative Solutions Fund, an evergreen strategy built around private equity, direct investments, and credit exposures. It now runs on Coinbase's Base network, as well as Solana and Sui. Related share classes also appear on Ethereum, Avalanche, Polygon, and Sei.
Coinbase is taking exposure to the fund directly, but did not disclose the size of its investment. This move signals confidence in the asset class it's helping build infrastructure for.