Tokenization firm KAIO went live on Wednesday with onchain access to one of Mubadala Capital's evergreen private market strategies, deploying simultaneously across Base, Solana and Sui with roughly $75 million in onchain value contributed by both traditional and digital-asset investors.
Mubadala Capital manages assets on behalf of Abu Dhabi's sovereign wealth apparatus. KAIO framed the launch as proof that sovereign wealth-backed private market strategies can be distributed through regulated digital infrastructure, though Mubadala Capital itself had not confirmed participation through its own channels at the time of reporting.
Coinbase Takes Exposure, Not Just Infrastructure
One notable detail: Coinbase will be adding direct exposure to the tokenized offering rather than simply providing rails for it, which KAIO described as a sign of growing appetite among publicly listed digital asset companies for regulated real-world assets. The size of Coinbase's stake was not disclosed.
The $75 million figure appeared consistently across KAIO's own post and Solana's official account, though framing differed. Solana described the number as "$75M in commitments," while KAIO used "onchain TVL." Sui's account went further, citing a "$385B sovereign wealth fund," "$3.7B NAV" and "650+ underlying companies," but those figures appeared only in the Sui post and were not independently verified. Estimates for Mubadala's total AUM found elsewhere ranged from around $400 billion to $430 billion, adding another reason to treat the scale numbers cautiously.
Onchain contract addresses for the tokens were not published in any of the posts reviewed. The launch nonetheless marks a shift: a U.S.-listed exchange taking a position in a tokenized illiquid asset is a different move from simply hosting one.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
