A. SREENIVASA REDDY (ABU DHABI)
Mubadala Capital has made one of its private-market strategies accessible to investors through blockchain technology in collaboration with KAIO, an ADGM-based technology company that provides infrastructure for tokenised real-world assets.
The sovereign wealth fund-backed investment product has attracted about $75 million in onchain assets, according to a joint statement from the companies. Access is restricted to qualified institutional and accredited investors in eligible jurisdictions.
Tokenisation involves creating digital units that represent an investor’s interest in a conventional financial asset, such as an investment fund or private-market strategy. Ownership and transactions involving those units can then be recorded on a blockchain, while the underlying investment strategy continues to be managed under its established investment, governance, and regulatory framework.
The tokenised offering is available across Base, Solana, and Sui. These are separate blockchain networks on which digital assets and transactions can be recorded.
Making the product available across the three networks allows eligible investors and financial institutions operating in different blockchain ecosystems to access the same offering.
Base is an Ethereum-linked blockchain network incubated by US digital-assets company Coinbase. Solana describes itself as a high-performance blockchain designed to process transactions at scale.
Sui is a smart-contract platform built for rapid processing and the management of digital assets. The Sui Foundation supports the Sui ecosystem, while Mysten Labs was the original contributor to the network.
Max Franzetti, Head of Mubadala Capital Solutions, said the strategy was built around access to investment opportunities, co-investments and a global network that many investors could not reach independently.
“Bringing it onchain extends that access to a new class of qualified investors without compromising the institutional discipline that defines how we invest,” Franzetti said.
Shrey Rastogi, Chief Executive Officer of KAIO, said the launch demonstrated that regulated blockchain infrastructure could support complex private-market products at an institutional scale. He said KAIO’s infrastructure allowed the strategy to be structured, issued and made digitally accessible across Base, Solana, and Sui while retaining compliance, governance, and investor protections.
“Mubadala Capital now joins a growing roster of blue-chip asset managers adopting KAIO’s open infrastructure to tokenise and distribute institutional-grade investment products,” Rastogi said.
“Tokenised assets are entering a new phase of maturity. We’re proving that private markets can operate on digital rails while remaining underpinned by assets supported by the diligence, governance, and balance sheets of some of the world’s most sophisticated investors,” Rastogi said in a LinkedIn post.
He said KAIO had taken the initiative from early exploration to a live product being used by major investors, including Coinbase, a US-listed digital-asset company. The joint statement said Coinbase would add exposure to the tokenised offering on its corporate balance sheet. However, it did not disclose the amount or form of the exposure.
Brett Tejpaul, Head of Coinbase Institutional, said the importance of the launch lay not only in moving a private-market strategy onchain, but also in its adoption for “real institutional balance-sheet use”.
“Bringing exposure to a tokenised Mubadala Capital strategy onto Coinbase’s balance sheet reflects the growing maturity of regulated real-world assets and their potential role in modern corporate treasury management,” Tejpaul said.
Nick Ducoff, Head of Institutional Growth at the Solana Foundation, said tokenised capital markets required infrastructure capable of providing the speed, scale, and reliability demanded by global financial products.
He said the launch on Solana demonstrated how institutional assets could move from conventional distribution systems into blockchain-based environments offering faster transaction processing, efficient settlement and wider participation by eligible investors.
Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, said the decision to tokenise the strategy on Sui was a sign of the GCC’s growing adoption of blockchain-based finance.
“As more institutional issuers like Mubadala Capital bring assets onchain, developers, financial institutions and investors need infrastructure that can support real-world scale, compliance, and global distribution,” Abiodun said.
The launch follows an announcement by Mubadala Capital and KAIO in December 2025 that they planned to explore tokenised access to Mubadala Capital’s private-market investment strategies. At the time, the companies said they would assess how KAIO’s infrastructure could provide secure and compliant access to alternative investments while improving efficiency and the investor experience.