Abu Dhabi's Mubadala Capital joins tokenization push as Coinbase takes stake in onchain fund

Mubadala Capital has tokenized a $75M private markets fund, marking a significant push into onchain initiatives. Coinbase has taken a stake in this fund, representing its first direct investment in a regulated tokenized asset. The infrastructure provider KAIO is building the necessary architecture to support the tokenization process for Abu Dhabi's sovereign wealth fund. This collaboration integrates traditional private markets with blockchain technology to enhance the accessibility and efficiency of the fund's management.