Case Study

Trusted Digital Asset Custody for One of the World’s Oldest Banks

When a long-standing institutional bank wanted to build a secure, redundant foundation for its assets, it turned to AHEAD.

April 20, 2025

Dell TechnologiesCisco

Finance

Business Services

The Custodian 

For many banks, modernization usually starts with developing a mobile app. But how do you make room for an entirely new class of assets while balancing and maintaining everything else already under your care? One of the world's largest custodial banks was facing this exact question, as institutional interest grew in cryptocurrencies and digital assets. There was real opportunity to expand. To capitalize, though, the bank would need a new digital asset custody service that could sit alongside traditional asset servicing and give clients an integrated way to hold and manage both types of assets. Launch had little room for extended requirements cycles, disconnected handoffs, and hardening postponed until after go-live. 

New Money, Old Standards 

Adding a new asset class to its custody business had to be a careful technology endeavor for a bank with more than $43 trillion in assets under administration and service. 

Industry Regulation. Digital assets required innovation, but also still the same compliance, availability, and resilience expectations that defined the client's traditional business and the expectations of the financial services industry. 

Consistent, Trustworthy Infrastructure. Infrastructure had to support a new custodial platform across multiple data centers, with the power and redundancy to keep critical services available. All the pieces would need to operate as one platform. 

A Set Launch Date. An already tight delivery window for Fall 2022 was further compressed by supply chain constraints. Careful planning, coordination, and testing were essential to make this solution work on time. 

Given the stakes, the client needed a way to understand its existing environment and translate security and business requirements into an engineered platform. Fortunately, as a bank with deep industry roots, the client also had long-standing relationships in its network, and already knew a partner that would design, build, test, and implement the necessary infrastructure and stay accountable through implementation. 

Balancing the Books 

This engagement aligned with three areas of AHEAD’s expertise. 

  • Platform & Workload Modernization: Designing the underlying infrastructure for a new digital asset custody platform, integrating compute, network, and security requirements into a cohesive, production-ready environment. 
  • Secure & Resilient Architecture: Using multi-site deployment and redundant POD design to support high availability while meeting the client’s demanding security standards. 
  • Operational Excellence: Coordinating the work across design, build, testing, implementation, and coordination with the client’s technology and fintech security partners, to reduce complexity and frustration with handoffs. 

The work unfolded across three phases: 

Advise 

AHEAD and the client began by calculating how the bank's ambitions translated into infrastructure decisions for a service that had to operate across multiple data centers and support both the bank’s standards and the controls required by its digital asset technology partners. AHEAD also consulted with Fireblocks and Chainalysis during the design and test phases so the infrastructure could complement the platform’s blockchain security and compliance capabilities.  

Why the Groundwork Mattered: Because the project had an aggressive launch timeline and supply chain issues to work around, the hard questions around security, redundancy, and integration were answered first. Doing this defined how the whole environment would work together under real operating conditions.  

Build 

AHEAD then turned the design into four high-performance PODs, built on: 

  • Dell PowerEdge R750 servers 
  • Cisco Nexus 9336C-FX2 and 9348GC-FXP switches 
  • Intel SGX security features to support high-availability and security requirements 

AHEAD tested and implemented the integrated infrastructure in coordination with the client’s IT teams and fintech partners. 

How It Came to Life: The PODs became the production-ready foundation for launching the bank's new platform. 

Run 

Post-launch, select clients have been able to hold and transfer bitcoin and ether through the new digital service. The POD architecture gives the client a scalable base for expanding multi-asset services while preserving the security and redundancy built into the original design. 

How It Kept Delivering: The modular platform gives the bank a way to support and expand its new service capability over time. 

An Account in Full 

The bank took a major step forward in its custody capabilities. 

Built-In Security. With security and compliance capabilities embedded in the POD infrastructure, the bank is able to meet both industry regulations and the next frontier of banking. 

Improved Resilience. The four distributed PODs spanned the client’s multi-site data centers, providing the redundant, high-performance foundation necessary for a critical financial services platform. 

Room to Grow. The platform can scale with the new service, so it’s easier for the client to support broader adoption and future expansion without requiring a new infrastructure strategy each time. 

What’s Next 

The bank can continue expanding its multi-asset services while keeping traditional and digital custody capabilities connected. Moving forward, the bank can keep pursuing new opportunities with the same discipline it brought to the platform's design. AHEAD brings end-to-end accountability to complex infrastructure programs, with the advisory guidance, engineering depth, and integrated deployment to help organizations move forward without leaving resilience behind.