Key Highlights
- Mubadala Capital tests blockchain to open private market funds to a wider audience.
- Partnership with Kaio aims to simplify access for qualified investors via tokenization.
- Mubadala manages $430 billion in assets, combining sovereign scale with a global alternative focus.
Abu Dhabi-based Mubadala Capital is eyeing blockchain as a potential means to open its private market investment strategies to a wider audience.
In partnership with Kaio, a provider of tokenized infrastructure for institutional investors, the asset manager will explore whether digital tokens simplify access for qualified investors.
Traditional private market funds are restricted to very high investment minimums, multiyear commitments, and regional restrictions. The hope from Mubadala in experimenting with tokenization is making such investments easier and more accessible, though no official products have been launched yet.
Mubadala’s scale and Kaio’s role
Mubadala Capital manages more than $430 billion across private equity, real estate, credit, and other alternative assets. As a part of the Abu Dhabi sovereign wealth fund, Mubadala Investment Company, it has the size of a state-backed organization and a focus on global alternative markets.
Kaio brings extensive experience in tokenizing funds for such large global managers as BlackRock, Brevan Howard, and Hamilton Lane. Kaio has moved over $200 million in institutional assets onto blockchain.
This partnership constitutes part of an increasing trend of traditional institutional capital considering routes into digital infrastructure without derogation from regulatory standards.
Mubadala Capital said the partnership with Kaio reflects its commitment to making institutional investment strategies more accessible. Fatima Al Noaimi and Max Franzetti, Co-Heads of Mubadala Capital Solutions, said the collaboration “enables new global access channels while maintaining the highest standards of governance, regulatory alignment, and investment oversight.
Kaio’s CEO, Shrey Rastogi, said the partnership shows how traditional institutional capital is starting to move onto blockchain. “Mubadala Capital is leaning into the future of how real-world assets can be tokenized and made globally accessible without compromising compliance, governance, or investor protections,” he said.
Industry context
Mubadala Capital is joining a growing number of institutional investors exploring how blockchain can make private markets simpler and more accessible.
According to CoinShares, tokenized real-world assets posted strong growth in 2025, led by US Treasurys, which rose from $3.91 billion to $8.68 billion on-chain. This growth is expected to continue in 2026 as demand for dollar-denominated yields increases. Infrastructure providers are also getting ready for this trend.
Infrastructure providers are also preparing for this trend. For example, Polygon has launched its Madhugiri hardfork to make the network faster and more stable. Block times are now just one second, transaction capacity is higher, and new Ethereum updates are added, including a special type for Ethereum–Polygon bridge transactions.
For Mubadala, this move is a key step toward modernizing private markets. It will give global investors easier access to large-scale, institutional-grade products while ensuring compliance with regulations.
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