Concrete is a new blockchain technology designed to provide an infrastructure component for the decentralised finance (DeFi) ecosystem, allowing traders and investors to access bootstrapped liquidity and advanced yield strategies in vaults.
The project has attracted over $650 million in deposits from traders and investors, and is anticipated to become the future of secure, scalable asset management, powering the next generation of on-chain capital allocation.
With the help of other finance technology on the Solana network, such as Glow, it is set to continue building a strong community around lending infrastructures while fostering new ideas such as cross-application margin accounts, automated yield vaults, and dynamic staking markets, bringing endless opportunities to users on Solana.
The Concrete team is made up of veterans from both traditional finance and Web3, having led teams at Point72, Morgan Stanley, Consensys, Coinbase, and other leading institutions.
To grow at a high speed, the team has strategically hired 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).
In a recent funding round led by Blueprint Finance, it raised $9.5 million, with strategic participation from Polychain Capital and Yzi Labs.
The Concrete team shared that Blueprint Finance, the core contributor behind Concrete and Glow Finance on Solana, has raised $9.5 million in a funding round led by Polychain Capital, with strategic participation from Yzi Labs (formerly Binance Labs).
This latest investment, bringing our total raised to over $17 million, also includes support from 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.
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Blueprint Finance’s plans for Concrete remain clear: to build sustainable DeFi infrastructure that bridges traditional financial systems with on-chain innovation, and streamlines complex financial systems into everyday solutions.
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