# Abu Dhabi's $430B Asset Giant Takes Blockchain Leap with Coinbase Backing Mubadala Capital tokenizes private market fund, raising $75M onchain. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-07-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/7cfbcc58-b0e0-47dc-bad3-d20b1e6f05d2 ## Mubadala's Blockchain Move Abu Dhabi-based $430B asset manager Mubadala Capital tokenized its Alternative Solutions Fund across multiple blockchains including Coinbase's Base network. Designed for institutional investors, the fund maintains a $100K minimum investment threshold. ## Coinbase's Direct Investment Coinbase made a rare move by allocating corporate treasury funds to the tokenized private market product. While the exact amount remains undisclosed, this positions the exchange as an early corporate backer of institutional-grade blockchain assets. ## KAIO's Infrastructure Role UAE-based KAIO handles issuance and administration for the fund. After raising $8M in April 2026 led by Tether, KAIO now manages $144M in tokenized funds from institutions like Hamilton Lane and Blackrock. ## Multi-Chain Strategy The fund operates across Coinbase's Base, Solana, Sui, Ethereum, Avalanche, Polygon, and Sei networks. This multi-chain approach aims to provide flexible access for qualified institutional participants. ## Significance of Tokenization Tokenization promises operational cost reductions and fractional access for accredited investors. Citi projects tokenized securities could hit $5.5T by 2030, with broader estimates suggesting even higher adoption. ## Industry Watershed Moment A sovereign wealth manager of Mubadala's scale embracing blockchain signals a maturation phase for institutional adoption. Regulatory responses in the US and other jurisdictions will determine how widely this model proliferates. ## Sources covering this story - https://news.bitcoin.com/abu-dhabis-430b-asset-giant-makes-blockchain-leap-coinbase-buys-in/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._