Mubadala Capital, associated with the Abu Dhabi sovereign fund, has launched a tokenized version of one of its private market strategies on the Base, Solana, and Sui networks. This product, aimed at qualified investors, operates on the KAIO infrastructure and has already attracted on-chain assets totaling around $75 million.
Coinbase has invested its own funds into the fund, becoming one of the first major companies in the industry to hold such an asset on its balance sheet. The size of the position has not been disclosed. In total, tokenized products worth $144 million are listed on the KAIO platform.