Coinbase invests in tokenized product of Abu Dhabi sovereign wealth fund and adds it to its balance sheet

Odaily Odaily Planet Daily News Coinbase announced a partnership with Mubadala Capital, part of the Abu Dhabi sovereign wealth fund, and tokenization infrastructure provider KAIO to issue compliant on-chain tokens for Mubadala's evergreen private market fund, open to qualified investors.

Coinbase will not only support the token issuance via the Base network but will also purchase the token and add it to its corporate balance sheet, marking the first time a major US-listed company has used a regulated tokenized real-world asset (RWA) for native on-chain treasury management. The product will also be deployed on the Solana and Sui networks, with KAIO providing compliant tokenization infrastructure. To date, the project has attracted approximately $75 million in funds, with Mubadala managing nearly $400 billion in assets. (Fortune)