Abu Dhabi · Coinbase · Wall Street · United Arab Emirates · CoinDesk
The launch also fits into the UAE's broader ambition to become a hub for tokenized finance
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Key facts
- The move adds Mubadala Capital, which administers over $430 billion in assets, to a growing list of major investment firms putting funds on blockchain rails
- The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its private markets strategies for qualified investors using
- The fund is available on Coinbase's Base network, Solana and Sui and has already attracted about $75 million in onchain assets, according to the companies
- Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows
Summary
Mubadala Capital has launched a tokenized version of one of its private markets strategies for qualified investors, using infrastructure from UAE-based tokenization firm KAIO. The fund, available on Coinbase’s Base network, Solana and Sui, has already attracted about $75 million in onchain assets, and Coinbase is taking exposure to it on its own balance sheet. Mubadala’s move adds to a growing wave of major asset managers embracing tokenized funds, as Wall Street projects trillions of dollars in tokenized securities and the UAE positions itself as a hub for tokenized finance. Mubadala Capital has brought one of its private markets investment funds onchain, making the asset management arm of Abu Dhabi's sovereign wealth fund one of the latest major financial firms to embrace tokenization. The alternative asset manager, which oversees about $430 billion in assets, said Thursday it launched a tokenized version of one of its private markets strategies for qualified investors using infrastructure from KAIO, a UAE-based tokenization specialist.