A program designed to help institutions access onchain optimized asset growth strategies while underlying digital assets are maintained in qualified custody
Concrete Network Services, Ltd. (“Concrete”), the operating company of the institutional DeFi protocol Concrete, and BitGo Bank & Trust, National Association (“BitGo Bank & Trust”), an OCC-chartered, non-depository national trust bank and subsidiary of BitGo Holdings, Inc. (“BTGO”), the digital asset infrastructure company, announced a strategic partnership to create an institutional onchain optimized asset growth platform.
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This collaboration is designed to enable institutional clients to earn onchain optimized asset growth while their underlying digital assets remain in qualified custody through BitGo Bank & Trust. As a federally-chartered, non-depository trust bank subject to OCC oversight, BitGo Bank & Trust meets the enhanced capital, audit, and compliance standards, providing the regulatory foundation underpinning this platform.
Concrete and BitGo aim to address a critical need for institutional investors who have traditionally faced a trade-off between the security of qualified custody and access to the growth opportunities in decentralized finance (DeFi). By integrating Concrete’s advanced vault architecture with BitGo Bank & Trust’s custodial infrastructure, the platform is intends to allow clients to select and access vetted, transparent, and productive strategies, offered and operated by Concrete, within a framework that supports governance, compliance, and reporting standards.1
“For too long, institutions have been forced to choose between security and optimized asset growth,” said Nicholas Roberts-Huntley, CEO of Blueprint Finance, the core developer of the Concrete Protocol. “We believe this program creates a meaningful path for institutions to put digital assets to work through Concrete’s vault strategies, with the comfort of BitGo’s custody infrastructure and compliance framework as the foundation ”
“Institutions are looking for ways to access digital asset opportunities without compromising the controls, oversight, and custody standards they require,” said Mike Belshe, CEO and Co-founder of BitGo. “Our collaboration with Concrete is designed to provide institutional clients with access to onchain strategies, offered and operated by Concrete, within BitGo’s custody infrastructure–helping clients pursue new opportunities while maintaining the governance and compliance standards they expect from institutional-grade infrastructure.”
The solution is designed for institutions, treasury operators, and asset managers seeking to make idle balance sheet capital more productive while maintaining governance and compliance standards. The platform will offer a selection of vault strategies, offered by Concrete and accessible through the BitGo Platform, each aligned to a distinct onchain optimized asset growth strategy. Clients will be able to select a vault strategy, deploy synthetic representations of their digital assets (which remain held in BitGo Bank & Trust custodial accounts), and monitor Concrete-provided performance through a tailored dashboard. Concrete’s vault architecture is designed to reduce bridge risk compared to traditional DeFi access models, while BitGo Bank & Trust’s institutional-grade operational controls, policy enforcement, and reporting workflows support the custodial layer.2 As demand for institutional DeFi infrastructure continues to grow, the two companies plan to expand the vault framework to support additional assets, strategies, and institutional use cases across the digital asset ecosystem.
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