Blueprint Finance secures additional ₩13 billion investment… Hashed and Yzi Labs among participants

Bloomingbit Newsroom

Summary

  • Blueprint Finance announced that it has successfully secured an additional investment of $9.5 million (about ₩13 billion).
  • It has stated that its multichain DeFi platforms, such as Concrete and Glow Finance, have been successfully established within the Ethereum and Solana ecosystems.
  • With this investment, a foundation for expansion has been established to meet the diverse demand from both institutional investors and individual users.

Blueprint Finance, a global blockchain development company invested in by Hashed, announced on the 24th that it has successfully raised an additional $9.5 million (approximately ₩13 billion).

Blueprint Finance is a specialist in multichain decentralized finance (DeFi) infrastructure, and is the core developer of Concrete—an Ethereum-based DeFi platform—and Glow Finance, a Solana-based platform.

This investment round was led by Polychain Capital, with participation from Yzi Labs (formerly Binance Labs), VanEck, Selini Capital, Portal Ventures, Auros, Halo Capital, Leadblock Bitpanda Ventures, BitGo, Gate Ventures, Presto, and Nonce Classic, among others.

Last year, Blueprint Finance made its market debut by raising an initial $7.5 million (about ₩10.3 billion) and officially launched Concrete, an Ethereum-based DeFi asset management platform.

Concrete enables developers, decentralized autonomous organizations (DAOs), and institutional investors to easily create and manage on-chain portfolios composed of tokens, which has led to the launch of a variety of financial products, including derivatives. To date, Concrete's total value locked (TVL) has surpassed $650 million (roughly ₩900 billion).

This investment follows Blueprint Finance’s expansion into the Solana ecosystem and the launch of its new DeFi platform, Glow Finance. In October last year, Blueprint acquired the lending protocol ‘Jet Protocol’ and thus secured Solana-based blockchain technology.

Blueprint Partners plans to continue introducing new features based on Glow Finance, including profit vaults for automatically managing user assets according to various strategies, flexible collateral management margin accounts, and staking markets.

Nic Roberts-Huntley, CEO of Blueprint Finance, stated, “We have successfully brought our two core protocols, Concrete and Glow, to the Ethereum and Solana ecosystems. With this investment, we have established a foundation for full-scale expansion, meeting the broad demand from both individual users and institutional investors.”

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