UAE’s Mubadala Capital, a global alternative asset management platform, has announced its intention to explore offering tokenized access to its private market investment strategies using KAIO, a blockchain protocol.
KAIO has already tokenized over $200 million in assets from the funds of global institutions, including BlackRock, Brevan Howard, Hamilton Lane, and Laser Digital, offered through its regulated fund manager.
The offering is only for qualified institutional and accredited investors, and is part of Mubadala Capital’s efforts to incorporate technology to enhance efficiency and investor experience across private markets.
According to Max Franzetti and Fatima Al Noaimi, who is a Co-Head of Mubadala Capital Solutions, the partnership is reflective of the firm’s continued commitment to broadening access to institutional investment strategies through secure and innovative financial infrastructures.
They noted, “By leveraging KAIO’s compliant tokenization framework, we are enabling new global access channels while maintaining the highest standards of governance, regulatory alignment, and investment oversight.”
“This launch demonstrates how traditional institutional capital is now scaling onchain,” said Shrey Rastogi, Chief Executive Officer of KAIO.
“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.”
According to Baker McKenzie, Money markets have been the focal point of most tokenized fund activity thus far. In particular, a variety of large, established investment managers like Franklin Templeton and digital-native challengers (such as WisdomTree and Ondo Finance) have issued funds in US treasury bills that are collectively valued in the several billions of dollars.
Industry research from 21.co shows that the tokenized asset market expanded from $8.6 billion in 2023 to over $23 billion by mid-2025.
UAE DIFC and QNB Group first in region to launch tokenized money market
Earlier, DMZ Finance, with Mantle and Bybit, deployed QCDT, the world’s first UAE (Dubai Financial Services Authority) DFSA-approved tokenized money market fund (MMF), on Mantle Network’s modular Layer-2 infrastructure.
QNB Group (Qatar National Bank), Standard Chartered, and DMZ Finance, an RWA tokenization infrastructure provider, launched the Dubai International Financial Centre’s (DIFC) first regulated tokenized money market fund, the QCD Money Market Fund (units in QCDT).