Coinbase Lists Concrete Token CT, Transfers Await Approval

Coinbase has announced the addition of the Concrete protocol's governance token, CT, to its asset listing roadmap as of September 9, 2026. While deposit addresses for the ERC-20 token are now live, actual transfers cannot occur until the issuer enables them, leaving users unable to deposit funds at this time.

CT is designed solely as a governance mechanism for the Concrete protocol, with a fixed supply of 1 billion tokens. It does not provide ownership stakes, dividend rights, or any economic claims. There has been no announcement regarding a token generation event or sale, and Concrete has cautioned users against unofficial offers, indicating potential scams targeting those eager to participate.

Despite the token's current status, the Concrete protocol is operational and has demonstrated significant activity, with approximately $1.3 billion in vault deposits and over $24 billion in cumulative transaction volumes from around 54,000 users. The protocol utilizes ERC-4626-compliant vaults for yield infrastructure, allowing users to deposit assets such as USDT, WBTC, and ETH. Governance of the protocol is managed by the Concrete Foundation, based in the Cayman Islands, while its parent company, Concrete Network, Ltd., operates as a subsidiary in the British Virgin Islands. The token's whitepaper has been prepared in accordance with the European Union's Markets in Crypto-Assets Regulation framework to facilitate future trading.

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Source: KLEA News