Veda Raises $18 Million to Expand DeFi Infrastructure

Veda, a decentralized finance (DeFi) infrastructure platform, has successfully raised $18 million in funding to expand its universal vault system. This round was led by CoinFund, with participation from notable investors including Coinbase Ventures, GSR, Animoca Ventures, and BitGo. The funds will be used to support broader enterprise services and deeper protocol integrations, aiming to simplify DeFi access for a wider audience.

Veda's platform offers a vault infrastructure that allows developers and institutions to integrate yield products without exposing users to the technical complexities of DeFi. The smart contracts within Veda's system hold user deposits and execute automated strategies across multiple blockchains. This capability enables platforms to offer savings, liquid restaking, and stablecoin yield products efficiently. The system supports various protocols, wallets, and restaking platforms, powering native yield solutions on chains like Sonic Rings and Corn’s sBTCN. Veda's modular design allows developers to customize financial functions while maintaining decentralization.

With its "BoringVault" framework, Veda enables composable and cross-chain integrations tailored for institutional-scale use. Applications and exchanges can deploy yield functions using Veda's infrastructure without handling direct DeFi mechanics. This model accelerates the adoption of DeFi across both consumer and institutional finance sectors.

Since its launch in March 2024, Veda has grown to over 100,000 users globally. The platform's total value locked (TVL) now stands at $3.34 billion, according to DeFiLlama. Veda 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, as well as fintech products and restaking strategies through programmable containers. This growth reflects a rising demand for accessible DeFi services in mainstream finance.

Institutions are increasingly adopting DeFi not only through research but also through the deployment of practical tools like vaults. Veda's infrastructure provides a base layer for these integrations, with a strong focus on simplicity and security. The company plans to expand further into centralized exchanges, aiming to close an exchange partnership with a top-five global player within weeks.

The $18 million in funding will support scaling enterprise integrations and expanding on-chain and off-chain yield options. Veda also plans to enhance developer services and broaden strategic partnerships. The firm aims to continue focusing on risk-managed, transparent solutions for yield generation, positioning itself as a critical backend for future financial applications.

Founded by Sun Raghupathi, Joe Terrigno, and Stephanie Vaughan, Veda will use this round to build long-term infrastructure. The company is also enhancing its security protocols to support institutional standards and expand multichain usability. CoinFund's investment highlights the rising importance of scalable DeFi infrastructure for wealth migration to blockchain networks.