City Protocol, an onchain structured products infrastructure provider, has announced the completion of its seed and Pre-A funding rounds, raising $11 million in total from Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, Mirana and others. City Protocol is building integrated infrastructure for the issuance, operation and distribution of structured products onchain; its flagship product, Venzo, is the onchain structured products platform running on that infrastructure. Venzo currently hosts four strategy vaults with $30 million in TVL, is running its inaugural Polis Points season, and will roll out a non-custodial Thematic Portfolios product line in the near term.
1. Integrated Infrastructure for Structured Products Onchain
In traditional finance, launching a structured product takes an issuing entity, custody and valuation providers, an operations team and distribution channels — slow, expensive and effectively out of reach for smaller asset managers. Onchain, the problem simply changes shape: strategies, vault contracts, accounting and distribution each sit in their own silo, so issuers rebuild the same plumbing for every product.
City Protocol breaks that pipeline into three reusable modules, so any team with strategy capability can issue and run a product the way it would call an API:
Tokenization — turns a strategy or an asset class into a verifiable, distribution-ready onchain product.
Vault — pre-audited standard contracts governing capital in and out, execution boundaries, accounting and exit.
Issuance & Operation — product templates covering the full lifecycle from launch to maturity.
On security, permissions for a given product are split across separate roles and privileged actions require multiple signatures; fee rules are written into the smart contract and visible before a user acts; positions and execution records stay verifiable and immutable onchain.
2. Venzo: A One-Stop Platform from Packaging to Issuance
Venzo is the flagship product built on City Protocol’s infrastructure, giving users access to verified onchain investment products. Venzo currently hosts four strategy vaults with $30 million in TVL, deployed on EVM-compatible networks with chain abstraction delivering a unified user experience.
Its yield module connects to yield and strategy providers, while execution and lending route through leading decentralized protocols. For developers, City Protocol ships an SDK and portfolio data interfaces, allowing partners to integrate vault products into their front ends within days.
On the product side, Venzo runs two vault types, both aimed at turning capability that used to sit behind a high barrier into a product an ordinary user can use directly:
Strategy Vaults (live) — bring strategies that were previously the preserve of institutions and professional investors onchain, spanning quantitative hedging, cross-exchange arbitrage, private credit and onchain yield strategies. Users subscribe, strategy providers execute within a defined mandate, and positions are accounted for by NAV with redemption windows.
Thematic Portfolios
(launching soon) — package an investment theme into a rules-based basket. User assets stay in the user’s own wallet throughout, while automation executes the purchase and subsequent adjustments according to published construction rules. No funds are pooled and no NAV accounting is run: users hold the underlying assets themselves rather than any share certificate, and can dispose of their positions at any time.
Thematic Portfolio will ship in two formats:
People Trackers — baskets built from the lawfully disclosed holdings of well-known investors, institutions and public officials, updated as new disclosures land.
Sector Themes — baskets built around industry sectors such as space, metals and electric vehicles.
Construction rules and rebalancing cadence are published in advance for both, bringing one-step thematic allocation onchain without users researching individual constituents, placing each order or tracking weight changes by hand.
On the community side, Venzo’s inaugural Polis Points season is under way. Users accrue Polis Points by holding eligible positions in registered vaults, with vault, position, genesis and loyalty multipliers stacking on top of the base rate, plus a referral mechanism. A second Polis Points season will open once the first concludes.
3. Institutional Backing for the Next Phase of Onchain Structured Products
The round drew participation from Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse and Mirana — a mix of crypto-native funds, market-making and trading firms, and ecosystem funds that brings distribution alongside capital.
The City Protocol ecosystem counts 51,000+ verified City ID users and 9,400+ ecosystem NFT holders.
4. Vision: Opening the Door of Financial Choice to More People
The last decade of onchain finance was about how assets move; the next is about how investment capability gets distributed. Quantitative hedging, cross-market arbitrage and private credit have long been fenced off by minimum tickets, channel access and geography.
Once those structures are standardized and modularized, any team with strategy capability can issue a product, and any ordinary user can reach it the way they open an app. That, the team says, is what neofinance means: not moving old finance onchain, but organizing it again.
About City Protocol
City Protocol is open infrastructure for neofinance, starting from structured products. Its tokenization, vault, and issuance-and-operation layers let asset managers, strategy providers and platforms issue, operate and distribute onchain investment products without rebuilding the stack themselves. Its flagship product, Venzo, offers users strategy vaults and thematic portfolios turning capability that used to sit behind a high barrier into products anyone can use directly.
Website: https://www.cityprotocol.co
Docs: https://city-protocol.gitbook.io/docs
Venzo: https://app.venzofinance.com
The post Onchain Structured Products Infrastructure City Protocol Raises $11M Across Seed and Pre-A Rounds, Backed by Dragonfly, CMT Digital and Mirana appeared first on BeInCrypto.
Source: https://beincrypto.com/city-protocol-raises-11m-onchain-structured-products/
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