Jack Paul 
Blueprint Finance announced on Aug. 19 that it has closed a strategic funding round led by Polychain Capital. The proceeds will support Concrete, its on-chain vault infrastructure for institutions, protocols, and asset managers. The company did not disclose the amount raised or its valuation.
Other participants included Bullish, Keyrock, BitGo, FalconX, G-20, Flowdesk, JPEG Trading, Sentient Capital, Andes, and 2Square. CEO Nic Roberts-Huntley said the investor list matters more than the capital itself. That fits the company’s positioning. Concrete is meant to be the connective layer between professional allocators and DeFi markets.
What Concrete does
Concrete is being built as a full-stack system for creating and managing vaults. The vaults package execution, accounting, risk controls, rebalancing, and integrations with other protocols into one structure. For institutions, that reduces the operational load of running strategies across separate DeFi protocols. Blueprint says the system also offers auditable accounting, defined permissions, and transparent risk controls. It is designed for institutions, protocols, asset issuers, networks, and other capital allocators.
Alongside Concrete, Blueprint is working on AssetCX and concUSD. Both are meant to extend the vault infrastructure into new on-chain assets and financial products. The company has not shared many details about those projects yet.
Roberts-Huntley said DeFi is moving past the era of chasing the highest advertised yield. Professional allocators, he argued, now need controls, transparency, automation, and risk management. The round brings in investors from trading, custody, market making, and liquidity. That mix may help Concrete reach the right partners as it expands.
Investors are also building their own DeFi rails
Several names in the round have been expanding institutional DeFi services. BitGo, for example, opened access to Aave, Spark, and Tesseract through an integration with Narval in June. Institutions can use those protocols while assets remain in BitGo’s qualified custody. Narval checks transactions and policy rules before BitGo approves wallet signing.
BitGo later launched Link, a dashboard for balances, transfers, permissions, and settlement across connected venues. It also formed a staking partnership with HashKey Cloud in July. These moves show that institutional access to DeFi is getting more controlled and more complex.
Vault infrastructure is becoming a crowded field
Other companies have moved into vault products this year. Wintermute launched Armitage, a DeFi vault built around Morpho, in May. Bitwise entered Morpho’s curator market earlier in 2026. Plume and Ether.fi launched a $100 million RWA vault in June. In July, Binance Wallet added Plume’s nBASIS vault, giving users access to tokenized products from Bitwise and Invesco.
Those products focus on distribution or curation. Concrete is trying to be the infrastructure underneath. Blueprint says its architecture combines automated execution, accounting, risk controls, and quantitative tooling in one place. Whether that will stick depends on how quickly institutions adopt on-chain vaults. The investor lineup, at least, suggests some big players want to find out.