The fund runs on Base, Solana and Sui, with related share classes on Ethereum, Avalanche, Polygon and Sei, according to reporting on the launch.
Coinbase took a direct balance sheet stake in the tokenized fund without disclosing the size, an early case of a public crypto company backing one.
Minimum investment is around $100,000, limited to qualified institutional and accredited investors. This is not a retail product.
UAE-based KAIO handles issuance and administration. Its platform now supports roughly $144 million in tokenized funds, with past clients including Hamilton Lane and BlackRock.
Whether the $75 million grows after launch, and whether other sovereign funds follow Mubadala onto public chains, will show if this is a template or a one-off.
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