Key Facts

• Mubadala Capital, which oversees about $430 billion in assets, has launched a tokenized version of one of its private markets strategies for qualified investors using infrastructure from KAIO, a UAE-based tokenization specialist.
• The fund is available on Coinbase's Base network, Solana and Sui and has already attracted about $75 million in onchain assets, with Coinbase also taking exposure to it on its own balance sheet.
• KAIO provides the infrastructure that issues and administers Mubadala Capital’s tokenized fund, and currently has $144 million in tokenized funds on its platform, with Mubadala joining firms including Hamilton Lane, Brevan Howard and Laser Digital that use its platform to distribute investment products onchain.
• Citi recently projected that tokenized securities could grow to roughly $5.5 trillion by 2030, while Boston Consulting Group and Ripple estimate tokenized assets across all asset classes could reach $18.9 trillion by 2033.
• The launch fits into the UAE's broader ambition to become a hub for tokenized finance, with Abu Dhabi and Dubai emerging as some of the most active jurisdictions for digital assets, with regulators rolling out crypto frameworks while banks, sovereign-backed investors and financial firms increasingly experiment with tokenized funds, bonds and stablecoins.