KAIO said Wednesday it has launched tokenized access to one of Mubadala Capital’s evergreen private-market strategies across Base, Solana and Sui. In its post on X, the tokenization infrastructure firm said the launch went live with approximately $75 million in onchain value from traditional and digital-asset investors.
KAIO ties the product to a Mubadala Capital private-markets strategy
Mubadala Capital is the asset-management arm associated with Abu Dhabi’s sovereign wealth apparatus. KAIO described the offering as tokenized access to “one of Mubadala Capital’s evergreen private market strategies” and called it “a milestone for how Sovereign Wealth Fund-backed private markets strategies can be made accessible through regulated digital infrastructure.”
Coinbase to add exposure, KAIO says
KAIO also said Coinbase “will be adding exposure to the tokenised offering.” The firm framed that as a sign of growing appetite among publicly listed digital-asset companies for regulated real-world assets, or RWAs. It did not disclose the size of Coinbase’s exposure in the post.
Official channels used different language on size and scope
The scale of the launch was presented in two ways across official channels. KAIO put the figure at “approximately US$75M in onchain TVL.” Solana’s official account described the same launch as “$75M in commitments from traditional and digital investors” and said KAIO “brings the @Mubadala Capital Alternative Solutions Fund to Solana,” framing the product around a single network rather than the three networks cited by KAIO.
Sui’s official account added figures not included in KAIO’s post. It cited a “$385B sovereign wealth fund,” “$3.7B NAV” and “650+ underlying companies,” and said KAIO “tokenizes @Mubadala Capital Alternative Solutions Fund’s private market strategy onchain for the first time.” The NAV figure, the portfolio-company count and the “first” characterization appeared only in the Sui post and were not independently confirmed in the material reviewed here.
Other relayed figures for the sovereign fund’s assets under management ranged from about $400 billion to $430 billion, which adds to the uncertainty around the scale numbers circulating alongside the launch.
Mubadala Capital had not confirmed the launch on its own channel
Mubadala Capital had not been reached on its own channel in this dossier. That means participation in, and endorsement of, the tokenization effort rests on KAIO’s account and the co-branded Solana graphic referenced in the source material. The posts reviewed also did not publish onchain contract addresses for the tokens.
A sovereign-linked private-markets product joins the tokenized fund pipeline
The launch adds a sovereign-linked private-markets product to the expanding list of tokenized fund offerings appearing on Solana and other networks. It also places Coinbase, a listed U.S. exchange, in the position of taking exposure to a tokenized illiquid asset rather than only serving as infrastructure.