Mubadala Capital launches tokenized fund on Base, Solana and Sui

Sovereign wealth enters tokenization race

Mubadala Capital administers over $430 billion in assets. The move puts it alongside a growing roster of institutional players testing onchain fund distribution. BlackRock, Franklin Templeton, Apollo, Fidelity, Janus Henderson and Invesco have all launched or expanded tokenized fund offerings.

Coinbase is taking exposure to the fund on its own balance sheet, signaling institutional conviction in the tokenization thesis. Max Franzetti, head of Mubadala Capital Solutions, said in a statement: "This strategy was built on differentiated access — to deal flow, to co-investment, to a global network that most investors cannot reach on their own. Bringing it onchain extends that access to a new class of qualified investors without compromising the institutional discipline that defines how we invest."

Scale projections and platform momentum

KAIO currently has $144 million in tokenized funds on its platform. Hamilton Lane, Brevan Howard and Laser Digital use KAIO's platform to distribute investment products onchain.

Market forecasts suggest the sector has room to expand. Citi projected that tokenized securities could grow to roughly $5.5 trillion by 2030. Boston Consulting Group and Ripple estimate tokenized assets across all asset classes could reach $18.9 trillion by 2033.

Brett Tejpaul, head of Coinbase Institutional, said: "As regulated assets become programmable, they can become part of a broader onchain economy that is more transparent, composable and accessible to qualified investors in eligible jurisdictions."

Dubai and Abu Dhabi as hubs

Abu Dhabi and Dubai have emerged as some of the most active jurisdictions for digital assets. Mubadala's move reinforces the region's position as a center for institutional crypto adoption and tokenized asset infrastructure.