Digital asset custodian BitGo and institutional decentralized finance (DeFi) protocol Concrete have partnered to create an institutional onchain asset-growth platform.
BitGo, Concrete Partner for Institutional Onchain Yield Platform
2 June 2026 - 20:41 CEST
By Stu Clelland
The collaboration integrates Concrete's Ethereum-based vault architecture with BitGo Bank & Trust, an OCC-chartered non-depository national trust bank and subsidiary of BitGo. The arrangement allows institutional clients to engage with onchain strategies while their underlying digital assets stay in qualified custody with BitGo.
Custody, yield trade-off persists
Institutional investors have long faced a choice between the security of qualified custody and access to opportunities in DeFi – peer-to-peer blockchain-based financial services without traditional intermediaries. The companies said the platform addresses this by enabling clients to deploy synthetic representations of assets held at BitGo into vault strategies operated by Concrete.
The announcement provides limited details on specific strategies, expected returns or performance benchmarks. Concrete, part of the Blueprint Finance multichain DeFi infrastructure ecosystem, reports a track record of executing billions in structured flow volume. Its vault architecture is described as reducing certain bridge risks compared to traditional DeFi models.
BitGo says it serves thousands of institutions globally through regulated cold storage solutions. The partnership targets treasury operators and asset managers looking to activate idle balance sheet capital.
Strategy selection, risks noted
According to a statement, clients can select from vault strategies, deploy synthetic tokens and monitor performance through a dashboard.
The companies noted that vault strategies carry risks, including smart contract vulnerabilities, liquidity constraints and potential loss of principal. BitGo Bank & Trust's custody obligations apply only to assets in its wallets and do not extend to synthetic tokens or instruments in vaults.
As institutional interest in DeFi grows, the companies plan to expand the framework to additional assets, strategies and use cases. Concrete also operates alongside Blueprint's Solana-based Glow Finance protocol.
