Mubadala Tokenizes $75M Private Fund as Coinbase Takes a Stake

Mubadala Capital has launched tokenized access to an evergreen private market strategy through UAE-based infrastructure provider KAIO.

The product attracted about $75 million across Solana, Base and Sui from traditional and digital-asset investors, with Coinbase adding undisclosed fund exposure to its balance sheet.

Mubadala Capital's official website says the platform manages over $600 billion through its businesses and partnerships, with its alternative investment operations reporting around $60 billion in assets under management.