Overview
- Mubadala Capital launched a tokenized version of a private markets fund using KAIO’s infrastructure and deployed the token across Coinbase’s Base network, Solana and Sui.
- The product drew roughly $75 million of on‑chain commitments from a mix of traditional and crypto-native investors, including a direct investment by Coinbase.
- Access is restricted to accredited or qualified investors who must complete off‑chain onboarding with a licensed fund administrator before receiving an on‑chain profile.
- Coinbase’s decision to hold the token on its corporate balance sheet marks an early example of a major U.S. public company using regulated tokenized assets for native on‑chain treasury exposure.
- The launch builds on a fast‑growing trend in tokenized real‑world assets aimed at cutting paperwork, speeding settlement and enabling possible secondary transfers while keeping private markets’ liquidity limits and regulatory guardrails intact.