The infrastructure central banks and financial market infrastructures trust to take tokenized reserve programs from pilot to production. Backed by more live deployments than any other vendor in the market.
Request a demo
Tokenized reserves are digital representations of central bank money issued on a distributed ledger. They carry the same settlement finality as traditional central bank reserves while adding programmability, extended settlement windows, and direct interoperability with other tokenized assets on the same ledger.
Unlike retail CBDCs designed for public use, tokenized reserves are wholesale instruments accessible only to licensed financial institutions and financial market infrastructures. The holder is always a regulated institution. Settlement is in central bank money, carrying zero credit risk. The IMF formally designates this category as "tokenized reserves" to distinguish it from retail digital currency and from commercial bank digital money instruments. BIS research identifies tokenized reserves as the foundation layer of the next-generation monetary system, providing the settlement backbone on which tokenized deposits and payment stablecoins operate.
For a central bank implementing a tokenized reserve program, issuance requires more than a token contract. It requires governance architecture that controls which institutions can hold and transfer the asset, integration with existing real-time gross settlement (RTGS) infrastructure, and technical interoperability with commercial bank money systems operating on adjacent ledgers. Reserve issuance, distribution to authorized participants, redemption workflows, and auditability all need to connect to existing monetary operations systems.
Kaleido provides the full infrastructure stack: token issuance and lifecycle management, access control governance, institutional custody, and integration with existing payment system infrastructure. With live deployments across 20+ central banks and active involvement in major interoperability experiments, Kaleido brings more production tokenized reserve experience than any other independent blockchain infrastructure vendor.
Live deployments across commercial banks, central banks, and financial market infrastructures worldwide.
