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Concrete
2026-09-18 00:15:24

Concrete launches foundation and CT governance token, with TGE details still to come

Onchain yield operating system Concrete said it has launched the Concrete Foundation as the governance and treasury entity meant to support the protocol’s long-term development, alongside a native governance and configuration token called CT. The token is issued by Concrete Network, Ltd., which is also seeking trading access. Concrete said eligible holders who lock or stake CT will be able to take part in protocol governance and use preset configuration functions under applicable rules. CT is a fixed-supply ERC-20 token on Ethereum with a total supply of 1 billion and no inflation mechanism. Holders who lock CT 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 tied to their own interaction with supported modules, subject to predefined technical parameters. The Concrete Foundation is structured as a Cayman Islands foundation company. It will coordinate protocol governance and hold and manage the CT treasury, which may be used for development and maintenance, security audits, ecosystem integrations and foundation administrative costs. Concrete also disclosed ecosystem figures including $1.2 billion in deposits, more than $23 billion in cumulative volume, over 54,000 depositors and more than 1.2 million connected and signature-verified wallets.

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Concrete launches foundation and CT governance token, with TGE details still to come
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