News, data and analysis on tokenized assets, market design and digital economic systems.
Formerly Libre Capital, a structurer of tokenized feeder vehicles into third-party institutional funds from BlackRock, Hamilton Lane, Brevan Howard and Mubadala Capital, with reported balances on 25 July 2026 ranging from $16m to $64.7m.
Formerly Libre Capital, the firm structures tokenized feeder vehicles into third-party institutional funds and issues them across Base, Solana, Sui, Sei, Injective and TON, with an investment manager licensed by the Monetary Authority of Singapore. Its issues include CASH, a feeder into the BlackRock ICS US Dollar Liquidity Fund with daily liquidity and a $100 minimum, alongside monthly-liquidity vehicles carrying minimums of $10,000 to $100,000: SCOPE for the Hamilton Lane Senior Credit Opportunities Fund, VOLT for the Laser Digital carry fund, MACRO for the Brevan Howard Master Fund and, from 23 July 2026, MCAS for a Mubadala Capital evergreen private markets strategy, which launched with about $75m onchain and to which Coinbase said it would take exposure. Reported balances on 25 July 2026 ranged from $16m in SCOPE to $64.7m in MCAS, so the vehicles remain small relative to the funds behind them and their subscription terms stay closer to a private fund than to a daily-dealing money market instrument.
Developments in which KAIO is a named party, newest first.
Abu Dhabi's Mubadala Capital placed a $75m private markets strategy onchain through the KAIO platform on 23 July 2026, issuing on Solana, Sui and Base. Coinbase took exposure to the tokenized fund.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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