Mubadala Capital has launched a tokenized version of its Alternative Solutions Fund through KAIO, extending the product across Solana, Base and Sui. The launch has secured $75 million in commitments from traditional and digital investors, according to reports cited by Solana.

Tokenizing a private markets fund marks a new step in putting part of Mubadala Capital’s investment strategy on blockchain-based infrastructure. The firm is part of the Abu Dhabi sovereign wealth fund system, which the source says manages about $430 billion.

Onchain rollout across three networks

Solana said in a post on X that Mubadala Capital’s Alternative Solutions Fund had been tokenized via KAIO. The fund was launched with support from Coinbase and KAIO, and made available on three separate blockchain networks: Solana, Base and Sui.

The stated aim is to move access to private markets onto regulated crypto infrastructure. In practice, that means fund interests can be represented as digital tokens onchain rather than handled solely through more traditional distribution and settlement channels.

Broader access to private markets

The source article says the structure is intended to open an investment strategy that was previously limited to a relatively narrow set of institutional participants. Historically, access to these kinds of opportunities was often concentrated among sovereign funds, pension funds and endowments, in part because of large minimum allocations, extensive paperwork and geographic constraints.

By tokenizing fund shares, Mubadala Capital is seeking to make the product available to a broader group of qualified investors worldwide. The source also says the model could offer quicker settlement and lower administrative costs compared with conventional processes.

Focus on qualified investors and infrastructure

The article describes the launch as part of a wider push to connect private market products with digital-asset rails while keeping distribution within regulated frameworks. It also notes that the structure gives investors exposure to private investment companies, assets and credit that are not listed on public stock exchanges.

Max Franzetti, Head of Mubadala Capital Solutions, said the company’s tokenization approach was built around differentiated access. According to the source, he said the model combines deal flow and co-investment access in a way designed to connect investors with a broader global network.

KAIO’s existing tokenized fund lineup

The launch also places Mubadala Capital alongside other asset managers already using KAIO’s platform. According to the source, KAIO already hosts tokenized funds from BlackRock, Brevan Howard and Hamilton Lane, with roughly $150 million in total assets spread across more than 10 blockchains.

The source frames Mubadala’s rollout as part of a broader institutional focus in Abu Dhabi on digital asset infrastructure, including custody and regulated capital markets. While the article presents the tokenization effort as a way to widen access, the product is still described as being aimed at qualified investors rather than the general public.

Source: Coin Edition