Onchain Structured Products Infrastructure City Protocol Raises $11M Across Seed and Pre-A Rounds, Backed by Dragonfly, CMT Digital and Mirana
City Protocol, an onchain structured merchandise infrastructure supplier, has introduced the completion of its seed and Pre-A funding rounds, elevating $11 million in whole from Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, Mirana and others. City Protocol is constructing built-in infrastructure for the issuance, operation and distribution of structured merchandise onchain; its flagship product, Venzo, is the onchain structured merchandise platform working on that infrastructure. Venzo at the moment hosts 4 technique vaults with $30 million in TVL, is working its inaugural Polis Points season, and will roll out a non-custodial Thematic Portfolios product line within the close to time period.
1. Integrated Infrastructure for Structured Products Onchain
In conventional finance, launching a structured product takes an issuing entity, custody and valuation suppliers, an operations crew and distribution channels — gradual, costly and successfully out of attain for smaller asset managers. Onchain, the issue merely modifications form: methods, vault contracts, accounting and distribution every sit in their very own silo, so issuers rebuild the identical plumbing for each product.
City Protocol breaks that pipeline into three reusable modules, so any crew with technique functionality can subject and run a product the way in which it could name an API:
Tokenization — turns a method or an asset class right into a verifiable, distribution-ready onchain product.
Vault — pre-audited customary contracts governing capital in and out, execution boundaries, accounting and exit.
Issuance & Operation — product templates protecting the complete lifecycle from launch to maturity.
On safety, permissions for a given product are cut up throughout separate roles and privileged actions require a number of signatures; charge guidelines are written into the sensible contract and seen earlier than a consumer acts; positions and execution information keep verifiable and immutable onchain.
2. Venzo: A One-Stop Platform from Packaging to Issuance
Venzo is the flagship product constructed on City Protocol’s infrastructure, giving customers entry to verified onchain funding merchandise. Venzo at the moment hosts 4 technique vaults with $30 million in TVL, deployed on EVM-compatible networks with chain abstraction delivering a unified consumer expertise.
Its yield module connects to yield and technique suppliers, whereas execution and lending route by means of main decentralized protocols. For builders, City Protocol ships an SDK and portfolio information interfaces, permitting companions to combine vault merchandise into their entrance ends inside days.
On the product aspect, Venzo runs two vault sorts, each geared toward turning functionality that used to sit down behind a high barrier right into a product an peculiar consumer can use immediately:
Strategy Vaults (dwell) — convey methods that had been beforehand the protect of establishments and skilled traders onchain, spanning quantitative hedging, cross-exchange arbitrage, non-public credit score and onchain yield methods. Users subscribe, technique suppliers execute inside an outlined mandate, and positions are accounted for by NAV with redemption home windows.
Thematic Portfolios
(launching quickly) — package deal an funding theme right into a rules-based basket. User belongings keep within the consumer’s personal pockets all through, whereas automation executes the acquisition and subsequent changes in response to printed building guidelines. No funds are pooled and no NAV accounting is run: customers maintain the underlying belongings themselves relatively than any share certificates, and can eliminate their positions at any time.
Thematic Portfolio will ship in two codecs:
People Trackers — baskets constructed from the lawfully disclosed holdings of well-known traders, establishments and public officers, up to date as new disclosures land.
Sector Themes — baskets constructed round business sectors reminiscent of house, metals and electrical autos.
Construction guidelines and rebalancing cadence are printed upfront for each, bringing one-step thematic allocation onchain with out customers researching particular person constituents, putting every order or monitoring weight modifications by hand.
On the group aspect, Venzo’s inaugural Polis Points season is beneath approach. Users accrue Polis Points by holding eligible positions in registered vaults, with vault, place, genesis and loyalty multipliers stacking on high of the bottom fee, plus a referral mechanism. A second Polis Points season will open as soon as the primary concludes.
3. Institutional Backing for the Next Phase of Onchain Structured Products
The spherical drew participation from Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse and Mirana — a mixture of crypto-native funds, market-making and buying and selling corporations, and ecosystem funds that brings distribution alongside capital.
The City Protocol ecosystem counts 51,000+ verified City ID customers and 9,400+ ecosystem NFT holders.
4. Vision: Opening the Door of Financial Choice to More People
The final decade of onchain finance was about how belongings transfer; the following is about how funding functionality will get distributed. Quantitative hedging, cross-market arbitrage and non-public credit score have lengthy been fenced off by minimal tickets, channel entry and geography.
Once these buildings are standardized and modularized, any crew with technique functionality can subject a product, and any peculiar consumer can attain it the way in which they open an app. That, the crew says, is what neofinance means: not transferring outdated finance onchain, however organizing it once more.
About City Protocol
City Protocol is open infrastructure for neofinance, ranging from structured merchandise. Its tokenization, vault, and issuance-and-operation layers let asset managers, technique suppliers and platforms subject, function and distribute onchain funding merchandise with out rebuilding the stack themselves. Its flagship product, Venzo, gives customers technique vaults and thematic portfolios turning functionality that used to sit down behind a high barrier into merchandise anybody can use immediately.
Website: https://www.cityprotocol.co
Docs: https://city-protocol.gitbook.io/docs
Venzo: https://app.venzofinance.com
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