Tokenization infrastructure firm KAIO has launched tokenized access to one of Mubadala Capital's evergreen private market strategies. The offering is live across three blockchains: Base, Solana, and Sui. KAIO said approximately $75 million in onchain value has been committed from both traditional and digital-asset investors.
Three chains, one strategy
The tokenized access allows investors to gain exposure to Mubadala Capital's private market strategy through tokens issued on Base, Solana, and Sui. KAIO handles the infrastructure layer — token issuance, custody, and compliance — while Mubadala Capital manages the underlying investment strategy. The move marks one of the first times a major sovereign-wealth fund's private market strategy has been tokenized across multiple blockchains simultaneously.
The $75 million commitment
KAIO reported that roughly $75 million in onchain value has been committed so far. The capital comes from a mix of traditional institutional investors and digital-asset native funds. The figure represents initial commitments, with the potential for additional capital as the strategy scales. KAIO did not disclose the exact split between traditional and crypto-native investors.
Why blockchains matter here
By issuing tokens on Base, Solana, and Sui, KAIO is betting on multi-chain distribution rather than locking the strategy to a single network. Each chain offers different liquidity pools and user bases. Base, built on Ethereum's L2, has strong DeFi integrations. Solana brings high throughput and a growing institutional presence. Sui, a newer layer-1, has been attracting tokenization projects with its object-centric model. The choice gives investors flexibility in where they hold and trade the tokens.
KAIO plans to expand the offering to additional blockchains and strategies in the coming months. The firm is also working on secondary market integrations so token holders can trade their positions. Mubadala Capital, the asset management arm of Abu Dhabi's Mubadala Investment Company, has been increasing its digital-asset exposure. This launch is the first tokenized product from the partnership, but both sides have signaled more to come.
