Blueprint Finance, the core developer of Concrete, has completed a strategic funding round led by Polychain Capital. The round includes participation from Bullish, Keyrock, BitGo, FalconX, G-20, Flowdesk, JPEG Trading, Sentient Capital, Andes, and 2Square. The company did not disclose the amount raised or its valuation, but said the financing will support the continued scaling of Concrete, its full-stack vault infrastructure designed for institutions, protocols, and asset managers.
Concrete aims to help professional allocators launch, manage, and allocate capital through on-chain strategies without independently handling execution, accounting, risk controls, rebalancing, and integrations across fragmented protocols. Blueprint Finance is positioning vaults as programmable on-chain capital allocators. The company said it is expanding its work with protocols, asset issuers, networks, and institutional allocators to build vaults that support on-chain yield products and core liquidity infrastructure.
Alongside the vault infrastructure, Blueprint Finance is developing AssetCX and concUSD as new on-chain financial primitives within the Concrete ecosystem. The products are intended to extend Concrete into new assets, markets, and financial products on top of its institutional-grade foundation.
CEO and co-founder Nic Roberts-Huntley said, “DeFi is moving beyond the era where capital allocation was defined by chasing the highest advertised yield. The next phase is about infrastructure: giving professional allocators the controls, transparency, automation, and risk management they expect while preserving everything that makes on-chain markets powerful.” He added that the participant mix is as important as the capital, bringing strategic partners across liquidity, execution, custody, and distribution.
The round reflects growing institutional interest in vault infrastructure. It also follows broader moves by crypto firms into managed vault products, including Wintermute’s Armitage vault, Bitwise’s Morpho curator product, and Plume and Ether.fi’s $100 million RWA vault. BitGo, one of the round’s participants, has been expanding institutional DeFi access through integrations with Aave, Spark, and Tesseract via Narval, and more recently launched Link, a dashboard consolidating exchange balances, transfers, permissions, and settlement.
