Mubadala tokenizes $75M private fund as Coinbase buys in

Mubadala Capital has launched tokenized access to an evergreen private market strategy through UAE-based infrastructure provider KAIO. Summary Mubadala Capital’s tokenized private markets strategy attracted about $75 million across Solana, Base and Sui. Coinbase will add undisclosed fund exposure to its balance sheet, moving beyond infrastructure support alone. KAIO limits access to qualified investors while handling regulated issuance, administration and multichain fund distribution. The offering is available on Base, Solana and Sui and has attracted about $75 million from traditional and digital-asset investors. Coinbase will take an undisclosed position in the product and place the exposure on its balance sheet. The exchange is acting as an investor rather than only a network or service provider. Access remains limited to qualified institutional and accredited investors. Mubadala private markets strategy moves onchain The product is tied to the Mubadala Capital Alternative Solutions Fund, an evergreen strategy with exposure to private equity, direct investments and credit. KAIO handles the tokenized structure, investor access and onchain administration across the three networks....