Mastercard's Multi Token Network is a production platform offering foundational capabilities designed to make transactions within digital asset and blockchain ecosystems secure, scalable, and interoperable. The network addresses industry needs around trust in counterparties, trust in digital asset payments, trust in transactions, and trust in consumer protections, enabling Mastercard and its partners to build regulated financial applications on top of digitally native assets.

The financial industry needed effective identity management and permissions, verifiable trust in digital asset payments and transactions, and strong consumer protections to support the development of regulated financial applications on blockchain infrastructure at scale. The solution required common verification standards and infrastructure capable of supporting diverse partner use cases across a production environment.

Kaleido provides the foundational digital asset, middleware, custody, tokenization, and chain infrastructure underpinning the Multi Token Network in production. The platform enables Mastercard to launch innovative new financial products and services, and for external parties to build regulated financial applications leveraging Mastercard's digitally native assets and infrastructure. Key to the solution was the implementation of Crypto Credentials, which established common verification standards and infrastructure for trusted interactions across the network.

The platform has been proven through industry innovation sprints including Vodafone and others building regulated financial applications on the network.