An exchange partners with Abu Dhabi sovereign wealth fund Mubadala Capital to launch a tokenized private equity fund
Foresight News reports, according to Fortune magazine, that Abu Dhabi sovereign wealth fund Mubadala Capital has announced a partnership with an exchange and infrastructure provider KAIO to launch a blockchain-native version of its long-term private equity fund, offering it as a compliant token to qualified investors. As part of the partnership, the exchange will operate this token on its Base blockchain and will personally purchase the token to include it on its balance sheet, marking the first time a US-listed company's US equity balance sheet has adopted regulated tokenized assets for native on-chain treasury management.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meridian weighs $400 million investment decision for Cabaçal mine
Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

Scorpio hits gold beyond Nevada resource
Capri Holdings appoints Estée Lauder senior executive Justin Boxford as CEO
