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

Odaily reported that Coinbase has announced a partnership with Mubadala Capital, part 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, open to qualified investors.

Coinbase will not only support the token issuance through the Base network but will also purchase the token and include it on 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, while Mubadala manages assets nearing $400 billion. (Fortune)