Concrete Launches Foundation and CT Governance Token

Concrete announced the launch of Concrete Foundation, a governance and treasury entity designed to support the protocol’s long-term development, along with its native governance and configuration token, CT. According to ChainCatcher, eligible holders can lock or stake CT to participate in protocol governance and use certain configuration features under applicable rules.CT is issued by Concrete Network, Ltd., which is also seeking trading access for the token. The project said TGE details will be announced separately, and there are currently no plans for claims, presales, or early access.CT is an ERC-20 token on Ethereum with a fixed supply of 1 billion and no inflation mechanism. Locked CT holders can vote on protocol parameters including strategy approvals, collateral classification, fee frameworks, and treasury-related policies. Users who stake CT can adjust certain protocol-side fees for their own interactions with support modules under predefined technical parameters.Concrete Foundation is a Cayman Islands foundation company that coordinates protocol governance and holds and manages the CT treasury. Treasury resources may be used for protocol development and maintenance, security audits, ecosystem integrations, and foundation administrative expenses.Concrete said its ecosystem has $1.2 billion in deposits, more than $23 billion in cumulative trading volume, over 54,000 depositors, and more than 1.2 million connected and signature-verified wallets. Through AssetCX, it has integrated custody from BitGo Bank & Trust, N.A. and Ceffu. Concrete’s products include Earn, Vaults, enterprise white-label infrastructure, and the custodial-native AssetCX.