Veda Raises $18M to Expand DeFi Vault Infrastructure Powering Over $3.7B in Assets

Veda Raises $18M Led by CoinFund to Bring Institutional-Grade DeFi Yield to Consumer Apps Through $3.7B+ Vault Platform

/PRNewswire/ -- Veda, the leading DeFi vault platform enabling crypto applications, asset issuers, and protocols to build enterprise-grade cross chain yield...

Veda Raises $18M to Expand DeFi Vault Infrastructure Powering Over $3.7B in Assets

The funding round was led by CoinFund and comes as the firm aims to simplify DeFi yields for apps and institutions across blockchains

Veda Secures $18M: CoinFund Leads DeFi Vault Funding

GSR, Maelstrom, and Animoca Ventures also invested. Mantle EcoFund, BitGo, and Credibly Neutral backed Veda. Draper Dragon, Heartcore, PEER VC, and Relayer Capital contributed. Angel investors added support. Anchorage CEO Nathan McCauley invested. EtherFi co-founder Mike Silagadze joined. Polygon co-founder Sandeep Nailwal also participated. Veda closed the round in May. CEO Sun Raghupathi confirmed the close. He did not share the company’s valu…

CoinFund-backed Veda raises $18M as stablecoin yield becomes ‘inevitable’

Decentralized finance protocol Veda secures $18 million led by CoinFund to scale its crosschain yield vaults, enabling BTC yield and stablecoin innovation.

Veda Raises $18 Million Led by CoinFund to Bring Institutional-Grade DeFi Yield to Consumer Apps Through $3.7 Billion+ Vault Platform

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DeFi Vault Platform Veda Secures $18M Funding Round Led by CoinFund

Quick take: Veda offers a DeFi vault infrastructure platform that abstracts the complexities of DeFi transactions. The platform allows developers and institutions to create vaults for different DeFi use cases, including restaking tokens, yield-generating products, and savings accounts, among others. Since launching in March 2024, Veda claims to have amassed over 100,000 users, while its TVL stands at $3.38 billion, according to DeFiLlama. Veda,…