Shimano Ultegra / XT series 11 speed chain CN-HG700-11 has been developed to work with all Shimano 11 speed cassettes, Road and Mountain-Bike included.
Basically, CN-HG700-11 and CN-HG600-11 are the same chains (as CN-HG900-11 too)
The only difference between those 3 chains is the Sil-Tec surface treatment.
The CN-HG700 is treated on the pin links and roller link plates so it makes it faster and smoother than the CN-HG600 which has Sil-Tec treatment only on its roller link plates.
The CN-HG900-11 is entirely treated with Sil-Tec Ultra Low Friction.