> For the complete documentation index, see [llms.txt](https://docs.dolomite.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dolomite.io/integrations/concrete-assets.md). # Concrete Assets Concrete Assets connect assets held in qualified custody to Dolomite's onchain markets. Each Concrete Asset is an onchain token issued and managed by Concrete that represents an underlying asset held with a qualified custodian. For ASSETcx, Concrete supplies the token as collateral for a specific, actively managed, borrowing position held to a repayment schedule. BTCcx and WLFIcx are the first supported Concrete Assets. They represent assets held in qualified custody with BitGo and live on Ethereum. Additional Concrete Assets are planned and will be documented here as they go live. ### Available Assets * BTCcx. Concrete's representation of BTC, used as collateral for the managed position described on this page. * WLFIcx. Concrete's representation of WLFI, used as collateral for the managed position described on this page. * Other assets coming soon. ### ASSETcx at a Glance * Underlying asset represented as ASSET + cx. * Custodian. BitGo qualified custody. * Issuer and manager. Concrete. * Network. Ethereum. * Contract: found on the [markets docs page](https://docs.dolomite.io/markets). * Use on Dolomite. Collateral for the managed Concrete borrowing position described below. ### How ASSETcx Works * Custody. The asset is deposited with BitGo and held in qualified custody. It remains in qualified custody during normal operation of the position. * Issuance. Concrete issues ASSETcx on Ethereum as an onchain representation of the custodied asset and manages the token throughout its lifecycle. * Collateral. Concrete supplies ASSETcx to Dolomite as collateral for the managed position. * Borrowing. Concrete borrows against the ASSETcx collateral. The underlying asset does not need to be sold or removed from custody upfront. Borrowed funds are generally deployed into yield bearing strategies, and can be unwound if needed for repayment. If required, the underlying asset may be redeemed or sold for repayment, position health, or custody settlement. * Limited borrowing. Borrowing is limited relative to the position’s health factor, preserving a buffer against price movement. * Price-triggered repayments. If the asset price declines past acceptable risk thresholds, Concrete makes partial repayments by unwinding yield bearing strategies to restore the position's health. * Onchain transparency. Borrowing and repayment activity occurs onchain. Where possible, RWA holdings sit in the same wallet as the borrowing position. If held elsewhere, that wallet is transparently monitorable in real time. ### Forced Liquidation and Custody Settlement Active management is intended to keep the position healthy, with forced liquidation serving as the backstop. If liquidation becomes necessary, the underlying asset passes through a custody settlement process that standard onchain collateral does not require. * Temporary claim. A temporary market-specific claim token represents the collateral while custody settlement runs. * Custody settlement. The custodied asset goes through an offchain redemption step. * Proceeds return. Once settlement completes, the proceeds return onchain. * Debt repayment. The proceeds repay the outstanding debt and the temporary claim token is closed. * Settlement timing. Settlement does not complete instantly onchain. Liquidation proceeds arrive after custody redemption finishes rather than in the same transaction. * Settlement contracts. Coming soon. ### Market Access, Pricing, and Fees * Access. Only Conrete has the ability to issue these assets and perform operations with them on Dolomite. * Oracle. ASSETcx assets use the underlying ASSET Chainlink price feed. * Fees. ASSETcx is never a borrowable asset. ### Risks * Underlying and liquidity risk. ASSETcx tracks the custodied underlying asset. Sharp price declines or thinner liquidity can affect collateral value and liquidation outcomes when repayment from deployed borrowed assets is insufficient. * Custody and counterparty risk. The structure relies on BitGo custody and Concrete's issuance and management of ASSETcx. * Asynchronous settlement risk. Market conditions can change between the start of custody redemption and the return of proceeds onchain. * Smart-contract risk. ASSETcx and the Dolomite markets it interacts with carry the smart-contract risk inherent to onchain systems. * Market-parameter risk. Collateral parameters can change over time, affecting borrowing capacity and liquidation behavior. * Repayment and yield bearing strategy performance risk. Recurring paydown depends on revenue from the yield bearing strategies. Price-triggered partial repayments are a separate obligation. ### Related Pages * [Borrow guide](https://docs.dolomite.io/guide/borrow) * [Risk Management](https://docs.dolomite.io/risk-management) * [Concrete](https://concrete.xyz/) * [BitGo qualified custody](https://www.bitgo.com/products/qualified-custody/) * [Dolomite app](https://app.dolomite.io/borrow)