Blueprint Finance Raises $7.5M to Expand Development of Concrete Protocol On-Chain Credit Market
Blueprint Finance has secured $7.5 million in funding for its Concrete Protocol, a native on-chain credit market that provides liquidation protection and yield optimization. The funding round was led by Hashed and Tribe Capital, with participation from several other investors. The company plans to use the funds to expand its operations and development efforts. CEO Nic Roberts-Huntley sees Concrete as a solution to the most pervasive issues in crypto and a foundational layer for on-chain credit, unlocking new markets in DeFi.
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