We're excited to share Blueprint Finance, the core contributor behind Concrete on Ethereum and Glow Finance on Solana, has raised $9.5 million in a funding round led by Polychain Capital, with strategic participation from Yzi Labs (formerly Binance Labs).
This latest investment, bringing our total raised to over $17 million, also includes support from VanEck, Selini Capital, Portal Ventures, Auros, Halo Capital, Leadblock Bitpanda Ventures, Decima, Gate Ventures, Presto Labs, Baboon VC, Pivot Global, Nonce Classic, Founderheads, Curved Ventures, CryptoDiscover, Adaptive Frontier, Renzo, and BitGo.
Accelerating the Growth of Concrete and Glow
Since launching Concrete earlier this, the platform has become a key infrastructure component in the DeFi ecosystem. From liquidity bootstrapping campaigns to advanced yield strategy vaults, Concrete has already attracted over $650 million in deposits.
These composable, tokenized vaults are the future of secure, scalable asset management and will power the next generation of on-chain capital allocation.
This new funding empowers us to further accelerate Concrete’s adoption, scale our platform, and enhance institutional offerings.
Expanding Horizons with Glow Finance on Solana
The launch of Glow Finance on Solana marks another pivotal step in our mission. After acquiring Jet Protocol last year, we leveraged its robust lending infrastructure as the foundation for Glow.
Now, Glow is set to introduce new DeFi primitives, including cross-application margin accounts, automated yield vaults, and dynamic staking markets, bringing unprecedented versatility to users on Solana.
Navigating the Next Era of DeFi
"This round of fundraising comes at a time of rapid growth for our team," said Nic Roberts-Huntley, CEO and co-founder of Blueprint Finance. "We’ve shipped two protocols on two of the most important and active ecosystems in DeFi. This capital ensures we can continue innovating, scaling, and serving both retail and institutional investors."
Josh Rosenthal, Managing Partner at Polychain Capital, echoed the sentiment, highlighting Blueprint’s role in shaping DeFi’s maturation. "The industry is evolving toward sustainable growth and institutional-grade standards. Blueprint's Concrete and Glow protocols are leading this shift, setting new benchmarks in security, liquidity, and usability."
Growing a World-Class Team
Since day one, our team has been composed of veterans from both traditional finance and Web3, having led teams at Point72, Morgan Stanley, Consensys, Coinbase, and other leading institutions.
To accelerate we’ve made key strategic hires including Luke Hajdukiewicz (Chief Growth Officer, formerly EigenLayer), Graeme Barnes (Head of Product, formerly Maple), Haythem Sellami (Senior Smart Contract Engineer, formerly Euler), and Gustavo Silva (Engineering Manager, formerly Consensys).
Building the Infrastructure for Tomorrow's Finance
At Blueprint Finance, our vision remains clear: to build institutional-grade DeFi infrastructure that bridges traditional financial systems with on-chain innovation. By streamlining complex financial mechanisms, we’re creating intuitive solutions for everyone—from large institutional allocators to individual users.
Stay tuned as we continue shaping the future of DeFi.
