Somewhere in Montana, a trove of Pokémon cards sits behind locked doors, anchoring a multi-million-dollar crypto market within a 28,000-square-foot facility.

CEO Tuom Holmberg told Decrypt that since Collector Crypt debuted 18 months ago, the company’s vaulting facility has become core to its branding, amid a growing number of competitors that also offer tokenized versions of the popular playing cards.

“Out of these 30 other vibe-coded platforms that followed us, probably half of them keep their inventory in their closets,” he argued, referring to a string of companies that have debuted in response to surging demand for names like Pikachu, Charizard, and Gengar.

The global market for trading cards surged to $15.8…