Kaleido

I’m pleased to be speaking at the Australian Digital Economy Conference 2026, taking place from 15 to 17 June at the Sheraton Grand Sydney Hyde Park. Hosted by the Digital Economy Council of Australia, the conference brings together senior leaders across industry, government and global markets to examine the systems underpinning the digital economy, from digital assets and payments to market infrastructure, AI, data and cross-border trade. Join me on 16 June at 4pm as I present the "road to enterprise blockchain adoption - privacy, distribution, liquidity and asset fragmentation". Look forward to collaborating on industry use cases and navigating the road to adoption. More information: www.deconference.com.au  Kaleido Digital Economy Council of Australia (DECA)

Kaleido is proud to be part of Project Agorá, demonstrating how tokenised central bank reserves and tokenised commercial bank deposits on a programmable ledger can enhance the efficiency of cross-border payments. The project confirms that atomic settlement using tokenised reserves and tokenised deposits is technically attainable and that finality is legally achievable across multiple jurisdictions. This collaboration with the Bank for International Settlements – BIS, seven central banks, the Institute of International Finance, and more than 40 financial institutions highlights the power of public-private innovation. Excited to see how this work will shape the future of cross-border payments. Read more in the report here: https://bit.ly/4ar02cj #Tokenisation #CrossBorderPayments

A new report from Deutsche Bank provides a comprehensive look at the three forms of digital money reshaping financial infrastructure: stablecoins, tokenised deposits, and wholesale CBDCs. 𝗞𝗲𝘆 𝗳𝗶𝗻𝗱𝗶𝗻𝗴𝘀: • Stablecoins have reached a market capitalisation of over $300bn, but real-economy payments still represent less than 1% of total on-chain volume. Growth is concentrated in B2B cross-border transactions where traditional rails underperform. • Tokenised deposits extend commercial bank money into programmable environments while preserving existing regulatory treatment. The core challenge is not the token mechanics but interoperability across institutions and deep integration with existing banking systems. • Wholesale CBDCs are gaining traction as central banks focus on modernising financial market infrastructure. Retail CBDC momentum is more uneven, with the US moving away from the model entirely and Europe still in preparatory phases. The report concludes that these three forms of digital money are not competing to replace each other. They serve different purposes and are likely to coexist, with banks playing a central role in abstracting complexity and ensuring the right instrument is used for each transaction. That reflects what we see working with financial institutions. The infrastructure question is not which form of digital money wins. It is how you build systems that can support all three, with the governance, compliance, and integration architecture to make them viable in a regulated environment. #digitalassets #tokenization #digitalmoney #stablecoins #tokenizeddeposit

Most discussions about tokenized deposits focus on the token. The harder problem is everything underneath it. A tokenized deposit is commercial bank money on a programmable ledger. Same deposit insurance, same regulatory treatment as a conventional balance. What changes is the settlement layer, and that shift has real infrastructure consequences for any bank moving beyond pilot. Key considerations: • Account-based models reconcile cleanly with existing core banking systems. Token-based models enable atomic delivery versus payment settlement across institutions where a shared ledger is not feasible. The architecture needs to support both, because a bank that locks into one model early may face a costly rebuild when the second use case arrives. • The smart contract is the smallest part of the build. In production deployments, core banking reconciliation, HSM-backed key management, and pre-signing policy enforcement consistently take longer to design and test than the token contract itself. • Compliance cannot run in parallel. A deposit that settles before sanctions screening completes creates regulatory exposure. Policy enforcement has to sit inside the transaction lifecycle and execute before the transaction signs. The institutions moving fastest treat this as an integration problem from day one, not a token design problem. That is the approach we take at Kaleido. Our Web3 Middleware was built specifically to integrate existing core banking systems rather than replacing them, and the policy and key management layer sits before any transaction reaches the chain. Full breakdown of structural models, token standards, and infrastructure is linked below. https://lnkd.in/gBXpgPqq #TokenizedDeposits #DigitalAssets #Tokenization

A new note from the International Monetary Fund draws a line that matters for anyone building or evaluating tokenized financial infrastructure. This is not digitization. Previous waves of digitization improved efficiency within existing institutional boundaries. Tokenization reconfigures the boundaries themselves. Key findings: • Atomic settlement removes the end-of-day buffers institutions use to net exposures and absorb liquidity shocks. The IMF treats this as a financial stability risk, not an operational footnote. • Legal finality is unresolved in most jurisdictions. Courts have not confirmed whether ledger-based settlement is legally enforceable, and that gap is what is keeping many projects from scaling. • The IMF sees three possible outcomes: infrastructure anchored in wholesale CBDC, a fragmented multi-platform landscape, or private stablecoins as the default settlement layer. Policy decisions in the next few years determine which one wins. The IMF's conclusion is that technology is not what determines the outcome. Governance, legal frameworks, and international coordination are. That matches what institutions are working through in practice. The technology decisions get made quickly. What takes longer is embedding policy enforcement before transactions execute rather than after, and demonstrating to regulators that the system behaves correctly under stress. For those working through tokenization projects right now: which of these three barriers is actually slowing you down the most? #tokenization #financialinfrastructure #digitalassets

The countdown to @Consensus2026 in Miami is on! Looking forward to connecting with friends and colleagues there! https://lnkd.in/eDnzSA4u #Consensus26 CoinDesk #Kaleido

Teams evaluating tokenization often start with the same question: Which assets should we tokenize? The harder question comes next. How do you connect tokenization to existing settlement, custody, and compliance systems without rebuilding them from scratch? Kaleido answers that question. Our Web3 Middleware sits directly between your current infrastructure and blockchain networks. Tokenization becomes an extension of what you already have, not a rip-and-replace. Connect your core banking systems, settlement rails, and compliance engines to Kaleido via REST APIs and event-driven webhooks. Your tokens live on-chain while your operations stay integrated. Read more: https://lnkd.in/gshZvchG #blockchain #tokenization #enterpriseblockchain #DLT #digitalassets

Kaleido is heading to Paris Blockchain Week from April 15-16! Gonçalo Lima, Digital Assets Lead - Financial Services, and Enrique Lacal, Software Engineer & Hyperledger FireFly maintainer, will be on the ground to discuss how we're empowering enterprises and financial institutions to build the future of finance. We provide the full-stack, enterprise-grade platform to securely launch and scale digital asset solutions from tokenized deposits and stablecoins to real-world assets. We hope to see you there! #blockchain #paris #dlt #enterpriseblockchain #digitalassets #tokenization

Teams building enterprise blockchain applications typically discover a common pattern: the smart contract is the easy part. The hard part is everything around the contract. Developers spend months managing transaction queues, node connectivity, and event indexing instead of building product features. Kaleido bridges this gap. We provide a full suite of Web3 middleware to automate the complex plumbing of enterprise networks. Our platform offers 500+ APIs to handle your smart contract lifecycle, event streaming, and multi-chain orchestration. Focus on your business logic and let us manage the network complexity. #web3 #blockchain #middleware #enterprise #DLT https://lnkd.in/g5uZKzZS

Issuing a tokenized security, stablecoin, or other digital asset? Writing the smart contract is the easy part. Managing the lifecycle is the real challenge. How do you handle custody, transfers, and reporting without building custom infrastructure for every new asset class? Kaleido Digital Assets provides the building blocks. You design the asset and we run the engines that govern it. Enterprise applications talk to our platform via standard APIs while we handle the blockchain interactions. One platform to manage the complete asset lifecycle. #digitalassets #stablecoins #assettokenization #dlt #blockchain https://lnkd.in/gy-wgZ9U