KAIO Tokenizes Mubadala Capital Fund Across Base, Solana and Sui

KAIO, a tokenization infrastructure firm, said it launched tokenized access to one of Mubadala Capital's evergreen private market strategies on Wednesday, live across Base, Solana and Sui with approximately $75 million in onchain value from traditional and digital-asset investors, according to KAIO's post on X.

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."

KAIO said Coinbase "will be adding exposure to the tokenised offering," which it framed as reflecting "growing appetite among publicly listed digital asset companies for regulated RWAs." KAIO did not detail the size of that exposure in the post.

The size of the launch was stated 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 it around a single network rather than the three KAIO named.

Sui's official account added further figures not stated in KAIO's own post, citing 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." Those NAV and portfolio-company figures, and the "first" characterization, appear only in the Sui post and are not independently confirmed here. Relayed figures elsewhere for the sovereign fund's assets under management ranged from about $400 billion to $430 billion, a further reason to treat the scale numbers as unverified.

Mubadala Capital has not been reached on its own channel in this dossier, so its participation and endorsement of the tokenization rest on KAIO's account and the co-branded Solana graphic. Onchain contract addresses for the tokens were not published in the posts reviewed.

The launch adds a sovereign-linked private-markets product to a growing set of tokenized fund offerings on Solana and other networks, and puts a listed U.S. exchange, Coinbase, in the position of taking exposure to a tokenized illiquid asset rather than only providing infrastructure.