Unlike traditional finance, it is not as simple as letting money sit in a savings account to earn interest on your cryptographic assets. In order to see a return to cryptographic space, the holders must go through a certain number of complicated steps to initiate programs where they can lend their crypto to borrowers with interest.
This is why BluePrint Finance, an crypto startup based in New York, seeks to facilitate work for cryptographic investors. The company announced on Monday that it had raised $ 9.5 million in a financing tour led by Polychain Capital with the participation of Yzi Labs, formerly Binance Labs and Vaneck.
BluePrint Finance, founded by CEO Nic Roberts-Huntley in 2023, published two products, called Concrete and Glow, which aim to allow crypto investors to earn money in terms of financing thanks to the use of decentralized finance, or DEFI. DEFI refers to any financial service, such as loans or loans, which takes place on a blockchain and without involvement of a central bank.
A popular form of DEFI is the loan and loan, where investors can gain interest in their cryptographic participations by lending their crypto to borrowers needing short -term capital. The borrowers undertake to provide a return to this loan. In order to ensure that lenders will recover their money, the borrowers guarantee the loan with their own crypto. If the value of their warranty falls below a certain threshold, the borrower is automatically liquidated, which means that they are obliged to reimburse the loan and that their warranty is sold.
The financing of BluePrint and other DEFI companies seek to eliminate complexities and maximize yields from these programs with their own products. “The big premise here is, how to give anyone, institutional for pure retail, the simplest access and the best public service of their digital assets in terms of return to their capital?” Said Roberts-Huntley Fortune.
Concrete, the first product of BluePrint Finance published in early 2024, is specifically suitable for loans 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 renamed version and updating a loan-based Loana Blockchain called Jet Protocol that BluePrint Finance acquired in 2024. Glow focuses on a single platform.
Concrete and brilliance both produce income by invoicing performance costs when an investor receives a return to his loan as well as management and loan management costs.
In recent years, the cryptography loan market has risen in an industry of more than $ 36 billion, and many companies are trying to capitalize on the growing institutional interest in DEFI services. In 2023, the main exchange of crypto at US Coinbase, launched a loan program specifically for its institutional customers. There are other popular loan programs available for average retail investors like Morpho and Aave.
BluePrint Finance will spend the money collected in this tour to hire new employees, engineering and marketing, said Roberts-Huntley.
Roberts-Huntley refused to disclose the annual income of the company and its evaluation in this Tour. BluePrint Finance previously raised $ 7.5 million in 2024, to date the company’s total funding to $ 17 million.
