PANews reported on June 23 that YZi Labs announced that it has made a strategic investment in Blueprint Finance, a multi-chain DeFi infrastructure company, to help it expand its ecosystem and accelerate institutional-level DeFi innovation. As the core development team of Concrete on Ethereum and Glow Finance on Solana, Blueprint Finance currently has a total locked value (TVL) of more than $650 million.

According to Fortune, New York crypto startup Blueprint Finance announced the completion of a $9.5 million financing round led by Polychain Capital, with participation from YZi Labs (formerly Binance Labs) and VanEck. Founded in 2023 by Nic Roberts-Huntley and Dillon Liang, Blueprint Finance is committed to simplifying the process for cryptocurrency holders to participate in DeFi (decentralized finance) lending. The company has currently launched two products, Concrete and Glow, covering the Ethereum and Solana ecosystems respectively, to help investors borrow and manage digital assets more conveniently. The new funds will be used for team expansion, technology research and development, and market promotion.