Overview
- Mubadala Capital launched a tokenized version of its private markets strategy on Base, Solana and Sui that attracted about $75 million in on‑chain commitments.
- KAIO issued and now administers the tokenized vehicle (MCAS‑TA) and runs the compliance and distribution rails that gate access to qualified and accredited investors.
- Coinbase is not only a network partner through Base but has added an undisclosed exposure to the fund on its corporate balance sheet as part of its institutional activity.
- Investors must complete off‑chain onboarding through a licensed fund administrator so tokens enforce investor eligibility and do not remove private‑market lockups or valuation rules.
- The launch on July 23 builds on prior tokenization pilots for cash and bond products and signals a push by large managers and Abu Dhabi regulators to scale regulated tokenized real‑world assets.