DeFi company Blueprint Finance raises $9.5 million from Polychain Capital
That's why Blueprint Finance, a crypto startup based in New York, is seeking to make it easier for crypto investors to put their holdings to work. The company announced on Monday that it has raised $9.5 million in a funding round led by Polychain Capital with participation from YZi Labs, formerly Binance Labs, and VanEck.
Blueprint Finance, founded by CEO Nic Roberts-Huntley in 2023, has released two products, called Concrete and Glow, that aim to allow crypto investors to make money on their holdings through the use of decentralized finance, or DeFi. DeFi refers to any financial service, like lending or borrowing, that is conducted on a blockchain and without the involvement of a central bank.
A popular form of DeFi is lending and borrowing, where investors can earn interest on their crypto holdings by lending their crypto out to borrowers in need of short-term capital. The borrowers pledge to provide a return on that loan. In order to ensure that lenders will get their money back, borrowers collateralize the loan with their own crypto. If the value of their collateral falls below a certain threshold, the borrower is automatically liquidated meaning they are forced to repay the loan and their collateral is sold.
Blueprint Finance, and other DeFi companies, seek to eliminate the complexities and maximize the returns that come from these programs with their own products. 'The big premise here is, how do we give anybody, institutional down to pure retail, the easiest access and the best utility from their digital assets in terms of return on their capital?,' Roberts-Huntley told Fortune.
Concrete, Blueprint Finance's first product released in early 2024, is specifically tailored to lending and borrowing on any blockchain that uses the Ethereum virtual machine like Ethereum, Base, and Polygon.
Earlier this year, Blueprint Finance launched its second product called Glow, which is a rebranded and updated version of a Solana blockchain-based lending platform called Jet Protocol which Blueprint Finance acquired in 2024. Glow focuses on allowing investors in the Solana ecosystem to lend, borrow, and trade within one platform.
Concrete and Glow both produce revenue by charging a performance fee when an investor receives a return on their loan as well as fees for managing the lending and borrowing process.
In recent years, the crypto lending market has ballooned into an over $36 billion industry, and numerous companies are trying to capitalize on the growing institutional interest in DeFi services. In 2023, the leading crypto exchange in the U.S. Coinbase, launched a lending program specifically for its institutional customers. There are other popular lending programs available to average retail investors like Morpho and Aave.
Blueprint Finance will spend the money raised in this round on hiring new employees, engineering and marketing, Roberts-Huntley said.
Roberts-Huntley declined to disclose the company's annual revenue and its valuation in this round. Blueprint Finance previously raised $7.5 million in 2024, bringing the company's total funding to date to $17 million.
This story was originally featured on Fortune.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
4 hours ago
- Business Upturn
LYNO AI Early Bird Presale Surpasses 269,000 Tokens Sold at $0.05 Each
By GlobeNewswire Published on August 16, 2025, 02:45 IST ROAD TOWN, British Virgin Islands, Aug. 15, 2025 (GLOBE NEWSWIRE) — The LYNO AI presale has reached a key milestone, with more than 269,000 tokens sold during its Early Bird stage. Priced at $0.05 per token, this phase provides participants access before the price rises to $0.055 in the next stage. A total of 16 million tokens are available in this round, marking significant early engagement as the project progresses toward its upcoming phases. What Makes LYNO AI a Game-Changer? In contrast with other platforms, such as Uniswap or PancakeSwap, LYNO AI uses state of the art AI to drive cross-chain arbitrage and bridge Ethereum with more than 15 blockchains compatible with Ethereum Virtual Machine (EVM). This new protocol will give the average investor access to the high-frequency trading that was previously only available to institutional players. The added security audit of a Cyberscope increase trust in a stable and solid platform that shines among verified DeFi projects. Key Features Driving Hype: AI-Driven Arbitrage: An automation of quick and efficient trading between two or more blockchains. Cross-Chain Power: Allows to mix with 15+ EVM-compatible chains without fuss Bank-Robber Security: Fully secure with an audit by Cyberscope to the satisfaction of investors. Friendly Access: You can make payments in ETH, USDT and USDC through MetaMask and Trust Wallet. Exclusive Perks Fueling FOMO Those who invest at least 100 dollars in the presale will also have the chance of accessing LYNO AI Giveaway where the prize pool will contain 100,000 tokens. A 10,000-token grand prize will go to one lucky winner, and 10 other winners will have their rewards. This and the looming price increase are motivating the investors to take quick actions. Why Investors Are All In The veterans of XRP and Chainlink consider LYNO AI to be one of the DeFi breakout stars, especially to the early adopters. Its cross-chain capabilities and AI-driven tools make it poised to grow enormously and be more innovative than its competitors such as Polygon. Its potential is at unprecedented levels in the market as seen by the sale of more than a quarter-million tokens. Seize the Moment With the presale price of 0.05 being increased in near future, it is a good opportunity to invest at an early stage in a project with a potential explosive gain. LYNO AI has incomparable value in comparison to more expensive DeFi launches, such as Aave. Don't wait—secure your tokens now to maximize returns. The Future of DeFi Awaits LYNO AI is not only a DeFi project but a secure cross-chain trading giant with AI features. It is a must have to sophisticated investors with a healthy Cyberscope audit, a sizzling presale, and irresistible rewards. Don t miss out on the DeFi revolution grab your tokens today before prices skyrocket! For more information about LYNO visit the links below: Website: Buy Presale- Whitepaper: Twitter/X: Telegram: Win 100k: Contact Details:LYNO AI [email protected] Disclaimer: This content is provided by LYNO AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
5 hours ago
- Yahoo
Ethereum surges to near record as investors bet on 'biggest macro trade' of the next decade
Ethereum (ETH-USD) prices rose to near record levels as Wall Street grows increasingly bullish on the crypto play. The world's second-largest cryptocurrency by market cap climbed 0.7% on Thursday to hover above $4,700 per token, just shy of its 2021 record level. "We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee wrote in a note on Wednesday. Lee noted the majority of Wall Street crypto projects and stablecoins, or digital tokens backed by assets like the US dollar, are being built on the ethereum infrastructure. Ether, the native token of ethereum, is up more than 50% since the GENIUS Act legislation, which creates guardrails for the stablecoin industry, was passed last month. Additionally, the Securities and Exchange Commission's recent "Project Crypto" announcement, an initiative to modernize the agency and establish clear regulations around the digital asset industry, has also fueled the rally in ethereum. Fundstrat sees ETH hitting prices moving as high as $15,000 by year-end. The token is up 16% over the past five sessions versus bitcoin's (BTC-USD) rise of 4%. Some companies have increasingly been raising capital to add ethereum to their balance sheets in a similar fashion to Strategy's (MSTR) bitcoin corporate treasury play. Read more: Can you buy crypto with a credit card? See the pros and cons. Inflows into ethereum by such digital asset treasury companies have supported higher prices, Spencer Hallarn, global head of over-the-counter trading at crypto investment firm GSR, told Yahoo Finance. "This positive price momentum has reinforced further investor enthusiasm and flows into the space," he added. For example, BitMine Immersion Technologies (BMNR), chaired by Fundstrat's Tom Lee, announced plans on Tuesday to sell up to another $20 billion worth of stock to increase its holdings of ethereum. The company's goal is to eventually acquire 5% of the world's outstanding ETH tokens. BitMine shares are up roughly 80% over the past five days. Meanwhile, gaming and sports betting company SharpLink Gaming (SBET) and blockchain tech firm BTCS (BTCS), both of which are pursuing similar strategies, are also up 8% in the past five sessions. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
5 hours ago
- Yahoo
Bitcoin, Ethereum Fall as PPI Shock Squashes Hopes for Jumbo Rate Cut
Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn't start cutting checks to flesh out its strategic Bitcoin reserve. Bitcoin changed hands around $118,000 on Thursday, a 2.9% decrease over the past day, according to crypto data provider CoinGecko. Ethereum also fell 2.9% to $4,560, while Solana and XRP dropped 2.4% to $194 and 5.7% to $3.07, respectively. The PPI report snapped a strong trading week for Bitcoin, with the asset's price setting a new all-time high above $124,000 on Wednesday, while Ethereum surged toward record levels. The Producer Price Index (PPI), which tracks price changes across a broad range of goods and services for producers, jumped 0.9% in July, the U.S. Bureau of Labor Statistics said on Thursday. Economists expected the index to rise 0.2% on a monthly basis. Representing the largest monthly increase since May 2022, Thursday's hotter-than-expected PPI reading showed an increase in the index's trade component, a worrying sign for the Federal Reserve, according to Liz Thomas, head of investment strategy at personal finance firm SoFi. 'The Fed will not like this report,' she said on X. The central bank has held interest rates steady so far this year, fearing that U.S. President Donald Trump's tariffs could make it harder to achieve its 2% inflation goal. As some officials have pointed to signs of fragility in the labor market recently, however, traders have grown increasingly confident that the Fed will cut rates at the conclusion of its September meeting. US Will Not Be Purchasing Any Bitcoin, Treasury Secretary Bessent Says Traders took a slight step back on Thursday, penciling in a 92.8% chance of a quarter-percentage-point rate cut at the conclusion of the Fed's next meeting compared to a 94.3% a day before, according to CME FedWatch. Citing large downward revisions for employment figures for May and June, Bessent advocated for a 50-basis-point rate cut on Tuesday. The odds of a jumbo-sized rate cut in September evaporated on Thursday, falling to 0.0% from 5.7% a day before. Although Bessent's comments may have worked in Bitcoin's favor earlier this week, with risk assets like stocks and crypto historically benefiting from lower interest rates, his latest comments appeared to dampen enthusiasm towards the coin on Thursday. The official said that the government is 'not going to be buying' Bitcoin to supplement its existing holdings of confiscated assets. Previously, the White House had teased purchasing Bitcoin to add to the nation's stockpile in a budget-neutral way. 'We are going to use confiscated assets and continue to build that up,' Bessent said of the Bitcoin reserve. 'We're going to stop selling that.'
