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.

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.

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.

Institutional DeFi access has added more controls

BitGo, one of the participants in Blueprint’s round, has expanded its own infrastructure for institutions seeking access to DeFi markets.

In June, crypto.news reported that BitGo had opened institutional DeFi access to Aave, Spark and Tesseract through an integration with Narval. Eligible institutions can interact with the protocols while their assets remain in wallets within BitGo Bank & Trust’s qualified custody environment.

Narval checks transaction details, approved smart contracts and internal policy rules before BitGo authorizes wallet signing requests. The setup allows institutional clients to define which protocols, addresses and transaction types can be used before assets interact with supported applications.

BitGo has continued building institutional infrastructure since then. On Aug. 3, the company launched Link, a dashboard that gives institutions a consolidated view of exchange balances, transfers, permissions and settlement across connected trading venues. The platform includes outside exchange accounts alongside assets held at BitGo and calculates buying power across connected venues.

The company also formed an institutional staking partnership with HashKey Cloud in July. Under the arrangement, HashKey Cloud provides non-custodial staking services to BitGo’s institutional clients, adding another service alongside its custody and DeFi infrastructure.

For Blueprint, Roberts-Huntley said the mix of companies in the strategic round was important because the investors operate across several parts of the digital asset market.

“Who participated in this round is as important to us as the capital itself,” he said.

DeFi vault products have expanded in 2026

Other crypto companies have also moved into managed vault infrastructure this year as firms package lending, yield and tokenized asset strategies into products that can be accessed through a single interface.

Wintermute entered the sector on May 19 when it launched the Armitage vault, its first direct move into DeFi vault curation. The trading firm said Armitage was designed to accept collateral types that competing curators may consider too complex or illiquid.

Built around Morpho’s vault model, the product allows an independent curator to determine strategy, collateral requirements and risk parameters without taking custody of depositor funds. Wintermute had not disclosed Armitage’s initial assets under management, targeted annual percentage yields or the specific collateral it planned to accept when the product was launched.

The move extended Wintermute’s operations from market making and liquidity provision into managed on-chain yield infrastructure. Bitwise had entered Morpho’s curator market earlier in 2026 with a product targeting institutional USDC depositors through overcollateralized lending markets.

Tokenized real-world assets have provided another use case for vault infrastructure.

On June 4, Plume and Ether.fi launched a $100 million RWA vault that gives Ether.fi users access to tokenized yield products from within its application. Ether.fi provided an exclusive $100 million allocation to the vault.

Plume said the underlying strategies included institutional assets such as overcollateralized credit pools, collateralized loan obligations and bond exchange-traded funds. Ether.fi said the product was designed for users seeking yield strategies with institutional risk controls and less direct exposure to conventional DeFi strategies.

Vault infrastructure is reaching crypto wallets

Distribution of tokenized yield products has also moved into crypto wallets, giving vault providers another route to reach users without requiring them to navigate individual protocols.

In July, Binance Wallet added Plume’s nBASIS vault, providing access to tokenized products tied to Bitwise and Invesco from within the wallet. The vault connects users with Bitwise’s USCC cash-and-carry fund and Invesco’s USTB tokenized Treasury product.

Plume had previously expanded its vault distribution through Ether.fi and Bybit, creating several access points for tokenized real-world asset yield. Its Binance Wallet integration placed Treasury and market-neutral strategies inside an interface already used for managing crypto assets.

Concrete is focused on the infrastructure used to construct and operate such on-chain vaults. Blueprint said its architecture combines automated execution, accounting, risk controls and quantitative strategy tooling for institutions, protocols, asset issuers and other capital allocators.

Roberts-Huntley said the companies participating in Blueprint’s financing bring experience across liquidity, execution, custody and distribution. Polychain Capital led the round, with Bullish, Keyrock, BitGo, FalconX, G-20, Flowdesk, JPEG Trading, Sentient Capital, Andes and 2Square participating.