Too often, asset holders have faced a trade-off: hold assets securely in qualified custody and accept zero yield, or venture into DeFi, CeFi, or structured products and absorb execution risk that runs afoul of internal compliance constraints.

Today, BitGo and Concrete announced a partnership to remove that trade-off. Together, we're building a custody-native yield platform where institutional assets remain in a regulated custody environment and become productive through vetted, transparent yield-bearing strategies. BitGo and Concrete are laying the foundation for custody-native institutional yield.

By combining BitGo's infrastructure with Concrete's vault architecture, qualified custody customers can hold, deploy, and grow capital without leaving the custody framework or carrying execution risk.

BitGo & Concrete: Strengths, Credibility, and Market Position

BitGo: Custodial Trust at Scale

BitGo is a federally chartered national trust bank; BitGo Bank & Trust, National Association, with over $80 Billion in assets under custody. With unified federal oversight, BitGo operates under the enhanced capital, audit, and compliance standards applicable to U.S. national banks. This evolution further reinforces BitGo’s role as a trusted institutional custodian and strengthens the foundation of the BitGo and Concrete partnership, ensuring that custody-native yield strategies are delivered within a rigorously regulated and institutionally aligned banking framework.

BitGo is a regulated qualified custodian with operations spanning North America, Europe, MENA, and APAC. (1) Built from the ground up to meet the rigorous regulatory standards of each region, BitGo’s custody operations leverage segregated accounts, audit trails, and multi‑signature wallet designs, all with compliance oversight. 

Through its comprehensive design, BitGo has positioned itself as a counterparty for regulated and security-focused financial institutions to qualified custody and self‑custody 

Concrete: Vault Intelligence and Execution

Concrete has served hundreds of institutional LPs and executed over $25 billion in structured flow volume, bringing mature tooling and risk parameters, audit verification, vault architecture, and strategy layering to the table in a succinct and easy-to-use fashion. 

Concrete operates as the EVM-native vault engine within the broader Blueprint ecosystem, which includes Glow, a Solana-based protocol offering vault infrastructure, as well as advanced trading, lending, and liquid restaking solutions. Concrete has built an institutional reputation for structured flows across staking, delta-neutral strategies, and vault orchestration across both CeFi and DeFi endpoints. Its core value: taking institutional capital and routing it programmatically as a yield layer — while preserving transparency, gating risk, and maintaining composability.

Through this partnership, institutions gain something they’ve long desired but never had - a path to deploy capital without fracturing governance, custody, or audit alignment.

What the Partnership Unlocks Today

Custody-Native Vaults

At launch, institutions will be able to access a selection of vaults where assets never leave BitGo’s qualified custody environment,(2) yet are deployed into productive yield strategies. The process remains straightforward: clients pick a vault, deploy capital, and view performance – all inside a simple custody dashboard.

Because the vault infrastructure is integrated with BitGo’s wallet and sub-account architecture (or enabled via delegated access), custody remains with BitGo throughout the process.  Strategy execution and routing are facilitated by Concrete’s vault logic, without requiring client self-custody, external bridging, or movements outside of the established custody framework.

Strategy Diversity for Risk/Return Profiles

While the custody infrastructure is novel, the yield strategies do not need reinvention. The platform supports a variety of institutional-grade strategies, curated for stability, capital resilience, and transparency. Some representative strategies might include:

• On-chain Strategies. Stablecoin or other digital asset allocations deployed into vetted on-chain venues, executed either through autonomous strategy contracts or via curator-managed multi-sig wallets trading across CEX and DeFi venues. 
• RWA + Stablecoin Yield Blends. A tokenized treasury core paired with a measured allocation to vetted on-chain stablecoin yield, blending RWA stability with incremental return. 
• Private Credit Exposure. Stablecoin capital allocated to tokenized private credit, broadening the yield curve beyond sovereign rates while preserving institutional-grade reporting. 
• Predeposit Vaults for Emerging Chains. Projects launching new chains can host predeposit vaults under custody. Institutional partners can seed capital into these vaults and simultaneously earn protocol incentives.

In every case, assets remain in qualified custody: no cross-chain bridging, and no opaque leverage nesting.

Embedded Compliance, Reporting & Audit

The combined solution doesn't merely execute yield — it instruments yield for audit, compliance, and oversight. Institutions receive full transaction logs, proofs of performance, vault-level KPIs, and granular attribution of yield components (e.g. staking yield vs. arbitrage premium). Clients can apply governance limits, risk thresholds, and approval gates at the vault level.

The vaults operate within BitGo's qualified custody environment. Exposures are transparent, segregated, and consistent with fiduciary controls.(3)

Ecosystem Integration & Flow Seeding

Beyond reactive yield, this architecture enables proactive capital formation. For example:

• Token treasuries can programmatically channel stablecoin or BTC reserves into vaults without relying on external bridge risk.
• Wallets or exchanges may offer client opt-in vault access directly from custody.
• Protocols launching new ecosystems can create “custody-native predeposit vaults,” allowing institutions to lock capital behind qualified custody, removing trust friction in early phases.
• CeFi/DeFi desks can use the custody layer to source liquidity or route yield flows more efficiently, because the custody interface reduces counterparty risk.

Effectively, this partnership injects capital into the yield layer from custody rather than the other way around.

Infrastructure for Yield-Powered Crypto Capital

This partnership is not just a product launch - it is designed to set the stage for how institutional capital will behave in crypto over the next decade in the following ways:

1. Custody becomes the hub, not the terminal. Rather than custody being an inert repository, it becomes the starting point of capital deployment.
   
   
2. Yield as expected, not optional. Institutions will demand that digital holdings produce a return by default, unless explicitly turned off.
   
   
3. Composability without risk. Protocols, vaults, and token mechanics integrate without compromising custody boundaries or security.
   
   
4. DAT proliferation and syndication. As more public companies, family offices, and corporate treasuries adopt DAT models, they will need compliant yield tools.
   
   
5. Cross-chain, cross-custodian strategy routing. As multi‑custodian systems and modular vault routing mature, capital can flow seamlessly across EVM, Solana, Cosmos, and beyond - all under custody constraints.

Conclusion

BitGo and Concrete’s partnership is designed to create custody-native yield infrastructure and allow institutions to gain a multi-year edge in capital productivity, compliance, and product innovation. Together, Concrete’s execution layer and BitGo’s federally chartered custody infrastructure represent a new standard for regulated, custody-native capital deployment.

If you are managing reserves, treasury assets, project pools, or governance capital and are sitting in qualified custody or considering it - please reach out to discuss how this stack could empower your firm to earn yield, preserve control, and scale responsibly.

Let’s build the custody‑native era, together.

ABOUT CONCRETE

Concrete is an institutional-grade DeFi infrastructure provider enabling yield generation and vault orchestration across decentralized finance protocols. For more information, contact us at [email protected] or visit our website at https://concrete.xyz.

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Important Disclosures and Disclaimers

General Information: This press release is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy any security, investment product, or service. Services described are not available in all jurisdictions and are subject to eligibility requirements, compliance review, and execution of definitive agreements.

Risks of Yield Generation Services: All yield generation strategies involve risk of loss. Yields are not guaranteed and fluctuate based on market conditions, DeFi protocol performance, and other factors. Depositors' assets may not be protected by SIPC, FDIC, or similar protections. In the event of Concrete's default or DeFi protocol failures, DeFi lenders may have priority claims to custodied assets.

No Guarantees or Recommendations: Past performance does not guarantee future results. References to yields or returns do not constitute guarantees. Nothing herein constitutes investment, financial, legal, tax, or regulatory advice. Prospective participants must conduct their own due diligence and consult qualified advisors.

Regulatory Considerations: The regulatory landscape for digital assets and DeFi is rapidly evolving. Future regulations may require modification or termination of services. No regulatory authority has reviewed or endorsed the services described herein.

Forward-Looking Statements: This press release contains forward-looking statements regarding future services, market adoption, and industry trends. Actual results may differ materially. Neither Concrete nor BitGo undertakes any obligation to update forward-looking statements.

Third-Party Information: Statistics regarding DATs and market data are from publicly available sources and have not been independently verified. All figures are approximate and subject to change.

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1. BitGo Trust Company, Inc. is regulated by the South Dakota Division of Banking and holds various licenses including a South Dakota Trust Company Charter, while BitGo New York Trust Company, LLC holds a New York Trust Company Charter. Both are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc.,a Delaware corporation headquartered in Palo Alto, CA. For a complete list of licenses and regulatory authorizations, see https://www.bitgo.com/company/licenses/
2. While assets remain within BitGO’s qualified custodian infrastructure, operational control and deployment decisions are managed by Concrete. See Important Disclosures and Disclaimers section for full details.
3. Qualified custody is provided by BitGo or its affiliates under their terms. Assets are custodied in accordance with custodian documentation. Concrete is not a custodian and does not act as a fiduciary.