Mubadala Tokenizes Private Fund with Coinbase Stake Across Multiple Blockchains
Abu Dhabi's Mubadala Capital has tokenized one of its private market funds using KAIO, a tokenization platform. The fund will be deployed across three distinct networks: Base, Solana, and Sui.
The decision to distribute the fund across these networks is not random. It maps to where liquidity flows are becoming stickier and where institutional tooling is most mature. For an institution of Mubadala's size, multi-chain deployment is about both liquidity access and technical insurance.
Base, as Coinbase's own layer-2 on Ethereum, offers a direct line to the largest pool of decentralized finance activity and the exchange's settlement rails. Solana brings speed and a deep order book for high-throughput asset movement. Sui adds a parallel processing architecture that has been attracting institutional staking and fintech integrations at a rapid clip.
Coinbase taking an equity position in the tokenized vehicle is another layer to this story. The company is positioning itself as a core infrastructure partner for the tokenization of traditional private markets, mirroring the strategy visible in the broader adoption of real-world assets.