Blueprint Finance has raised a strategic funding round led by Polychain Capital to expand Concrete, its vault infrastructure for institutional decentralized finance. The company did not disclose the size of the financing, but said the capital will support the rollout of a system designed to let asset managers, protocols and institutional allocators build and operate on-chain strategies from a single vault-based framework.
Keyrock, BitGo, FalconX, G-20, Flowdesk, JPEG Trading, Sentient Capital, Andes and 2Square also participated in the round, according to Blueprint Finance. The mix of firms spans trading, liquidity provision, custody and market infrastructure, areas that Concrete aims to connect through its operating model.
Concrete is built around programmable vaults that can hold and allocate on-chain capital while managing functions usually spread across separate applications and protocols. Blueprint Finance said its stack combines execution, accounting, risk controls, rebalancing and protocol integrations within the vault itself.
That structure targets an operational problem for institutions using decentralized finance: strategies often require capital to move between multiple protocols, wallets and networks, with each step creating additional work for treasury teams and portfolio managers. A unified vault framework could allow firms to define allocation rules and operational controls without separately coordinating every lending position, liquidity deployment or rebalance.
Vaults become the operating layer
Blueprint Finance describes Concrete as a full-stack system rather than a standalone yield product. Institutions, protocols and asset managers would be able to launch their own vaults and set the rules governing how capital is deployed, managed and accounted for on-chain.
In practice, a vault is a smart-contract structure that pools and deploys assets under pre-set parameters. Those parameters can cover where capital may be allocated, how frequently positions are rebalanced, and what risk limits apply. Concrete’s approach places these controls alongside execution and reporting tools, seeking to reduce the number of disconnected systems required to run a strategy.
The model would be particularly relevant to firms that need clearer operational boundaries than a manually managed defi position can offer. Treasury managers and professional allocators generally need to track balances, monitor limits and maintain defined permissions while using protocols that move continuously and settle on-chain. Embedding those functions in a shared vault architecture gives the strategy an identifiable unit for both capital allocation and oversight.
Blueprint Finance said it is working with protocols, asset issuers, networks and institutional allocators to develop vaults that support on-chain yield products and liquidity functions. The company did not name the individual counterparties or provide details on specific vault deployments.
The emphasis on infrastructure rather than a single trading or lending strategy places Concrete in a competitive part of the defi market. Protocols and asset issuers increasingly need tools that can package yield-bearing or liquidity-oriented strategies into products with more defined mandates. The challenge is less about finding access to an individual protocol and more about managing the operational chain around it, including routing, rebalancing, accounting and risk constraints.
Funding group brings market infrastructure experience
Nic Roberts-Huntley, co-founder and chief executive officer of Blueprint Finance, said the participants were chosen to provide coverage across liquidity, execution, custody and distribution as well as capital.
That rationale reflects the company’s attempt to build a platform suited to institutional workflows rather than solely to individual defi users. Liquidity providers can help support markets around on-chain products, custody firms can address asset safeguarding requirements, and execution-focused participants can contribute experience in moving assets efficiently across venues and protocols.
The participation of BitGo, a digital asset custody company, alongside firms such as Keyrock, FalconX and Flowdesk, also points to the infrastructure layers Blueprint Finance expects its vaults to interact with. Concrete will need to function across the workflows surrounding a strategy, not merely at the point where a smart contract receives capital.
Polychain Capital’s lead role gives the round backing from one of the longest-running crypto-focused venture firms. Yet Blueprint Finance’s decision not to disclose a valuation or financing amount limits any direct comparison with other recent infrastructure rounds. The company’s announcement focused instead on the product expansion the new capital is intended to fund.
New products build on the Concrete stack
Blueprint Finance also said it has added AssetCX and concUSD to the Concrete ecosystem, characterizing them as new on-chain financial primitives built on its existing infrastructure.
The company did not provide detailed specifications for either product in the announcement. Its description suggests they are intended to extend Concrete beyond the vault tooling itself, allowing new assets, markets and financial products to be created within the same technical stack.
That approach could give Blueprint Finance more control over how vault-based strategies connect with the assets they use. Infrastructure providers can face a difficult balance: remaining flexible enough for outside protocols and allocators while offering sufficiently integrated components that users do not need to assemble every product from scratch. Adding native primitives may help Concrete standardize parts of that process, depending on how the products are structured and adopted.
The company’s stated goal is to make vaults a more complete foundation for on-chain financial activity, with allocation, execution and controls operating together. For institutions considering defi strategies, that proposition centers on whether standardized vault infrastructure can make complex on-chain operations more manageable without restricting the ability to tailor mandates and risk parameters.
Blueprint Finance has not released further financial details about the new round or a timetable for the planned expansion. Its immediate task will be converting a roster of infrastructure-focused backers and new product development into concrete vault deployments for the protocols, issuers and allocators it is targeting.
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