Veda Raises $18M to Expand DeFi Vault Infrastructure Platform
The post Veda Raises $18M to Expand DeFi Vault Infrastructure Platform appeared on BitcoinEthereumNews.com.
Highlights: CoinFund led the $18 million funding round with participation from Coinbase Ventures, GSR, and others. Veda’s smart vaults simplify DeFi by managing yield strategies across chains and user applications. The platform claims $3.7 billion TVL and supports over 100,000 DeFi users globally. Veda, a DeFi infrastructure platform, raised $18 million to grow its universal vault system and simplify DeFi access. CoinFund led the round, joined by Coinbase Ventures, GSR, Animoca Ventures, BitGo, and others. The funding supports broader enterprise services and deeper protocol integrations. Platform Simplifies Yield for Developers and Institutions Veda offers a vault infrastructure allowing developers and institutions to integrate yield products without exposing users to technical complexity. Its smart contracts hold user deposits and execute automated strategies across multiple blockchains. This allows platforms to offer savings, liquid restaking, and stablecoin yield products efficiently. The system supports various protocols, wallets, and restaking platforms such as Plasma’s Vault and ether.fi Liquid. It powers native yield solutions on chains like Sonic Rings and Corn’s sBTCN. Veda’s modular design enables developers to customize financial functions while maintaining decentralization. With its “BoringVault” framework, Veda enables composable and cross-chain integrations tailored for institutional-scale use. Apps and exchanges can deploy yield functions using the infrastructure without handling direct DeFi mechanics. This model accelerates adoption across consumer and institutional finance. Ecosystem Growth and Adoption Metrics Since launching in March 2024, Veda has grown to over 100,000 users globally. According to DeFiLlama, its total value locked (TVL) now stands at $3.34 billion. Veda also supports wallets like Binance Wallet and Bybit Web3 in managing decentralized yield. The platform’s vaults power DeFi features in pre-deposit campaigns for new chains and token ecosystems. It also serves fintech products and restaking strategies through programmable containers. This growth reflects a rising demand for accessible DeFi services in mainstream finance.…
Filed under: News - @ June 23, 2025 5:28 pm