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June 24, 2025 – Blueprint Finance, the core contributor behind the innovative Concrete Protocol on Ethereum and Glow Finance on Solana, today announced it has successfully raised $9.5 million in a strategic funding round. The round was led by Polychain Capital, with significant strategic participation from Yzi Labs (formerly Binance Labs). This latest investment brings Blueprint Finance's total funding raised to over $17 million, underscoring strong investor confidence in its mission to build institutional-grade decentralized finance (DeFi) infrastructure.
The funding round saw robust support from a diverse group of prominent investors, including 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.
Blueprint Finance is at the forefront of enhancing on-chain debt and credit markets, offering solutions that provide higher yields, crucial liquidation protection, and advanced predictions within the DeFi space. Its flagship products, Concrete Protocol and Glow Finance, are designed to address the missing link in on-chain finance by becoming foundational elements for a new class of credit, debt, and structured products in the crypto industry.
"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."
Accelerating Growth and Expanding Horizons:
Since its launch earlier this year, Concrete Protocol has rapidly emerged as a key infrastructure component in the Ethereum DeFi ecosystem. It has already attracted over $650 million in deposits through its liquidity bootstrapping campaigns and advanced yield strategy vaults. These composable, tokenized vaults represent the future of secure, scalable asset management, powering the next generation of on-chain capital allocation. The new funding will significantly accelerate Concrete’s adoption, scale its platform, and enhance its institutional offerings, including features like automated yield strategy vaults, new derivatives creation, and dynamic credit facilities.
Complementing Concrete, Glow Finance on Solana marks another pivotal step in Blueprint Finance's expansion. Following the acquisition of Jet Protocol last year, Blueprint Finance leveraged its robust lending infrastructure as the foundation for Glow. Glow Finance is set to introduce new DeFi primitives, such as cross-application margin accounts, automated yield vaults, and dynamic staking markets, bringing unprecedented versatility and efficiency to users within the Solana ecosystem.
Building for the Future of Finance:
Josh Rosenthal, Managing Partner at Polychain Capital, highlighted Blueprint Finance’s critical role in the maturation of DeFi. "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," he stated.
Blueprint Finance's team comprises seasoned veterans from both traditional finance and Web3, with leadership experience from institutions such as Point72, Morgan Stanley, Consensys, and Coinbase. The company has strategically expanded its team with key 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).
Blueprint Finance's unwavering vision is to build institutional-grade DeFi infrastructure that seamlessly bridges traditional financial systems with on-chain innovation. By streamlining complex financial mechanisms, they are creating intuitive and secure solutions for all users, from large institutional allocators to individual investors. The newly secured capital will be utilized for hiring new employees, engineering advancements, and robust marketing efforts to further this mission.
About Blueprint Finance:
Blueprint Finance is the core contributor behind Concrete Protocol and Glow Finance, building foundational infrastructure for institutional-grade decentralized finance. By enhancing on-chain debt and credit markets with advanced yield strategies, liquidation protection, and new financial primitives, Blueprint Finance aims to bridge traditional finance with the innovation of Web3.
About Concrete Protocol:
Concrete is an appchain designed to enhance on-chain debt and credit on Ethereum, offering higher yields, liquidation protection, and advanced predictions. It provides a suite of DeFi products powering secure, automated yield strategies and unlocking new derivatives for any on-chain asset.
About Glow Finance:
Glow Finance, built on Solana, introduces new DeFi primitives including cross-application margin accounts, automated yield vaults, and dynamic staking markets, leveraging robust lending infrastructure to bring unprecedented versatility to users.
About Polychain Capital:
Polychain Capital is a premier investment firm focused on the blockchain and cryptocurrency industry, known for backing transformative projects and driving innovation in the decentralized ecosystem.
Compiled by CMO Intern team
