Blueprint Finance draws BitGo, FalconX in Polychain-led round

Blueprint Finance has completed a strategic funding round led by Polychain Capital to expand Concrete, its on-chain vault infrastructure for institutions, protocols, and asset managers. Summary Polychain Capital led Blueprint Finance’s strategic funding round, with BitGo, FalconX, Bullish and other crypto firms participating. The funding will support the expansion of Concrete’s on-chain vault infrastructure for institutions, protocols and asset managers. Concrete combines execution, accounting, rebalancing and risk controls within a unified vault system. Blueprint Finance is also expanding the Concrete ecosystem through AssetCX and concUSD. Blueprint Finance said on Aug. 19 that Bullish, Keyrock, BitGo, FalconX, G-20, Flowdesk, JPEG Trading, Sentient Capital, Andes and 2Square also participated in the round. The company did not disclose the amount raised or its valuation. The financing will support further development of Concrete, which Blueprint describes as full-stack infrastructure for creating and managing vaults that deploy capital across on-chain strategies. Its system combines execution, accounting, risk controls, rebalancing and integrations with other protocols within the same vault architecture. For institutions and asset managers, Blueprint said the structure is intended to reduce the operational work involved in managing strategies across separate DeFi protocols. The company has also been working with asset issuers, networks and institutional allocators on vaults that can support on-chain yield products and provide liquidity infrastructure. Blueprint Finance funding will support Concrete’s vault infrastructure Concrete is being developed around vaults that function as programmable capital allocation systems, allowing strategy rules and operational controls to be packaged within an on-chain product. Blueprint said professional allocators require auditable accounting, defined operational permissions, scalable execution and transparent risk controls alongside access to DeFi markets. The company is positioning Concrete as the infrastructure connecting those requirements with on-chain execution. “DeFi is moving beyond the era where capital allocation was defined by chasing the highest advertised yield,” Blueprint Finance CEO and co-founder Nic Roberts-Huntley said. Roberts-Huntley said professional allocators increasingly need “controls, transparency, automation, and risk management” while retaining the features available through on-chain markets. He said the latest investor group brings experience from different parts of the digital asset industry as Blueprint expands Concrete. You might also like: Paradigm leads $470M Antares Nuclear funding round for military SMRs Alongside its vault infrastructure, Blueprint is developing AssetCX and concUSD as additional products within the Concrete ecosystem. According to the company, the products are intended to extend Concrete into the development of new on-chain assets, markets and financial products. The investor list also puts several companies involved in institutional crypto infrastructure behind the project. BitGo operates custody and trading infrastructure, while FalconX, Keyrock and Flowdesk have businesses spanning institutional trading, liquidity and market making.