City Protocol secures $11M as Venzo vaults reach $40M TVL

City Protocol has raised $11 million across seed and Pre-A financing rounds as the company expands infrastructure for bringing structured investment products on-chain. Summary City Protocol raised $11 million across seed and Pre-A funding rounds. Dragonfly, Jump Crypto, CMT Digital and other investors backed the company. Venzo offers four vaults covering quantitative hedging, arbitrage, private credit and yield strategies. City Protocol plans to add rule-based thematic portfolios that operate directly inside user wallets. According to City Protocol’s Aug. 26 announcement, Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse and Mirana participated in the financing alongside other investors, backing a system designed to handle the issuance, operation and distribution of blockchain-based investment products. The company has divided its infrastructure into three parts covering tokenization, vaults, and issuance and operations. Together, the modules are designed to let asset managers and strategy providers package investment strategies into on-chain products without building the underlying infrastructure separately for each launch. Venzo, City Protocol’s flagship platform,...