Blueprint Finance's Concrete Vault Gets Polychain, BitGo, FalconX Backing

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.

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.

Other crypto companies have also moved into managed vault infrastructure this year as firms package lending, yield and tokenized asset strategies into products accessible 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.

Distribution of tokenized yield products has also moved into crypto wallets. 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.

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.