Citi sought production-grade infrastructure to connect to public blockchain networks and support tokenized asset initiatives across its custody business. The engagement focused on enabling clients to move liquidity and securities on a 24/7 basis across markets and currencies, modernizing payment rails, enhancing collateral mobility, and providing secure infrastructure to custody cryptocurrencies, tokenized funds, and digital bonds within a regulated environment.

Citi needed enterprise-grade connectivity to public blockchain networks with institutional security requirements, alongside foundational token lifecycle management, wallet and key management, and programmable settlement workflows capable of supporting its digital cash strategy across tokenized deposits, fund settlement, and multi-party on-chain workflows.

Kaleido supported Citi's custody team with its digital asset platform and custody product, providing foundational elements for token lifecycle management, wallet and key management, and programmable settlement workflows. Kaleido provided managed public Ethereum connectivity across testnet and mainnet with enterprise security requirements, establishing the platform foundation to support Citi's digital cash strategy across tokenized deposits, fund settlement, and multi-party on-chain workflows.

The partnership reflects Citi's confidence in Kaleido as an institutional digital asset partner, most recently demonstrated when Kaleido served as the inaugural issuer in Citi's market-first Digital Depositary Receipts launch on regulated blockchain infrastructure operated by SIX.