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

Odaily reported that Coinbase has announced a partnership with Mubadala Capital, a subsidiary of the Abu Dhabi sovereign wealth fund, and KAIO, a tokenization infrastructure provider, to issue compliant on-chain tokens for Mubadala's evergreen private market fund and make them available to qualified investors.

Coinbase will not only support the token issuance via the Base network but will also purchase the token and include it in its corporate balance sheet, marking the first time a major U.S. 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 responsible for providing compliant tokenization infrastructure. To date, the project has attracted approximately $75 million in capital, while Mubadala manages nearly $400 billion in assets. (Fortune)