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 ...