BitGo and Concrete Partner to Launch Institutional Onchain Optimized Asset Growth Platform
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. (NYSE: BTGO)(“BTGO”), the digital asset infrastructure company, today 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.
