Launching a new financial asset on-chain requires more than a strategy.

It requires purpose-built infrastructure to allocate, manage strategies, and scale liquidity safely from day one.

That’s exactly what Concrete was built to provide.

Today, we’re excited to announce that Theo is launching the Genesis Vault for thUSD using Concrete’s vault infrastructure.

The thUSD Pre-Deposit Vault will serve as the capital coordination layer for the launch of thUSD, Theo’s yield-bearing stablecoin powered by a delta-neutral gold strategy. (1)

With Concrete powering the vault architecture, Theo can bootstrap liquidity, deploy capital programmatically, and deliver a transparent on-chain product designed for scale.

The Infrastructure Behind thUSD

Concrete provides the vault infrastructure layer that powers the thUSD Genesis Vault.

Rather than building custom vault logic from scratch, Theo can deploy its strategy through Concrete’s production-grade vault architecture.

Concrete vaults act as programmable capital coordination infrastructure. Users deposit assets into a vault, and the vault infrastructure handles custody, accounting, strategy deployment, and automated operations.

This approach allows protocols to launch sophisticated financial products while relying on audited, production-grade infrastructure(2) for capital management.

For the thUSD launch, Concrete handles:

• Vault allocation and deposits
• Strategy allocation framework
• Automated accounting and share tracking
• Secure withdrawal and liquidity management
• On-chain transparency for depositors

The result is a Genesis Vault designed to coordinate capital efficiently ahead of thUSD’s full launch.

The thUSD Pre-Deposit Vault

The thUSD Genesis Vault provides early participants with the opportunity to deposit capital before the stablecoin goes live.

Deposits are accepted in:

• USDC
• thBILL

Across multiple chains:

• Ethereum
• Arbitrum
• Stable

During the pre-deposit period, capital may be deployed into the underlying strategy and may begin accruing yield.(3) Once the campaign concludes, depositors receive thUSD, representing their share of the system.

This vault structure allows liquidity to be aggregated and deployed efficiently before the market activation of the asset itself.

Institutional Vault Architecture

The thUSD Genesis Vault benefits from Concrete’s institutional-grade vault infrastructure, crafted to support both retail users and professional allocators.

Concrete’s Earn V2 architecture introduces role-based automation that separates key

This structure mirrors how traditional asset managers operate.

Key roles include:

• Vault Manager – defines parameters such as fees and limits
• Allocator – manages strategy allocation and liquidity flows
• Strategy Managers – approve strategy integrations
• Risk & Compliance Hooks – control deposit and withdrawal logic

By separating these responsibilities, Concrete vaults maintain strict governance while allowing strategies to operate efficiently.

This ensures that high-impact changes remain tightly controlled while day-to-day vault operations run automatically.

Bootstrapping Liquidity with Vaults

Pre-deposit vaults have become one of the most effective ways to launch new financial primitives on-chain.

They allow protocols to:

• coordinate liquidity before a launch
• deploy capital into strategies immediately
• build deep liquidity from day one

Concrete vaults are purpose-built for this role.

They serve as programmable capital infrastructure, enabling protocols to aggregate deposits and deploy them through automated strategy engines.

This model has already been used across multiple ecosystems to bootstrap liquidity, expand yield access, and accelerate network adoption.

The thUSD Genesis Vault is the next step in that evolution.

Infrastructure for the Next Generation of Finance

DeFi is evolving from experimental yield farms into structured financial systems. That evolution requires infrastructure capable of managing capital at scale.

By providing the vault layer for products like thUSD, Concrete enables partners to launch novel financial primitives and is designed to support capital management that is transparent and automated, with security controls engrained into the vault architecture. (4)

Theo is building a new bridge between on-chain capital and global markets.

Concrete provides the infrastructure that makes it possible.

Participate in the thUSD Genesis Vault

The thUSD Pre-Deposit Vault is now live.

Deposit USDC or thBILL and participate in the early liquidity phase of the thUSD launch.

Visit: thusd.theo.xyz

About Concrete

Concrete is an Ethereum-based protocol that provides institutional-grade tooling for on-chain asset management. With a proven track record of executing billions in structured flow volume, Concrete offers sophisticated vault architecture and strategy layering to enable secure and transparent yield generation in the DeFi ecosystem. Concrete is part of the Blueprint ecosystem.

About Blueprint Finance

Blueprint Finance is a multi-chain DeFi infrastructure company and the core developer of both the Ethereum-based Concrete and Solana-based Glow Finance. Concrete powers tokenized DeFi native asset management and the creation of new derivatives for any asset, while Glow powers yield, trading, and lending on Solana. The company's quantitative framework transforms complex DeFi mechanisms into products that work reliably for both institutions and individuals alike. By eliminating traditional DeFi pain points like liquidation risk and capital fragmentation, Blueprint is building the technical foundation for broader institutional adoption of decentralized finance.

About Theo

Theo is connecting the world's capital. We build financial products that enable onchain capital to access global markets, making real-world assets more powerful than traditional financial instruments.

Theo's infrastructure has powered thBILL to $200M+ TVL and over $1B in cumulative trading volume, with 15+ integrations and 80,000+ users across 60+ countries. Partners include Standard Chartered, Wellington Management, and FundBridge Capital, with liquidity from SIG, Flowdesk, and Amber. The platform has raised $20M in Series A funding led by Hack VC, Mirana Ventures, and Anthos Capital.

Learn more: theo.xyz

Important Disclosures

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security, investment product, or financial instrument. Participation in the thUSD Pre-Deposit Vault is not available in all jurisdictions and may be subject to eligibility requirements and applicable law. All yield generation strategies involve risk of loss. Past performance does not guarantee future results. This announcement contains forward-looking statements regarding future services. Neither Blueprint Finance nor Concrete undertakes any obligation to update forward-looking statements.

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1.  Delta-neutral strategies aim to reduce directional market exposure but do not eliminate risk. Strategy performance is subject to change and is subject to risks including smart contract exploits, liquidation events, and venue failures.
2. Concrete vaults have been audited by third-party security firms including Zellic, Halborn, Trail of Bits, Code4rena, and Cantina. Audits do not guarantee the absence of vulnerabilities. Smart contracts may contain exploits or bugs that could result in partial or total loss of funds.
3. Yield is not guaranteed. DeFi yields fluctuate based on market conditions, borrow costs, and strategy performance. Concrete cannot guarantee that any target yield will be achieved or maintained. See Important Disclosures below.
4. Vault security measures are designed to mitigate risk but cannot eliminate it. Users remain subject to smart contract vulnerabilities, liquidation risk, oracle failures, and other DeFi protocol risks. See Important Disclosures below.

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