Veda, a fast-rising DeFi infrastructure startup, has secured $18 million in new funding to expand its suite of smart contract vault products and push decentralized finance toward mainstream adoption. The round, led by CoinFund, included notable investors like Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, and Mantle EcoFund. High-profile angel investors such as Polygon co-founder Sandeep Nailwal and Anchorage CEO Nathan McCauley also joined the raise.
Founded with the mission of making decentralized finance accessible without compromising its core principles, Veda provides a “universal vault infrastructure” designed to abstract away the complexity that often deters new users. Its flagship product, BoringVault, allows developers and institutions to build yield-generating tools that work seamlessly across chains and ecosystems.
“The best infrastructure is invisible—it just works,” said Veda CEO Sun Raghupathi. “We’re giving platforms the ability to offer onchain yield without burdening users with DeFi’s complexity, while preserving the core values of transparency, security, and self-custody.”
Veda’s smart contract vaults are modular, composable, and cross-chain compatible, enabling a wide variety of use cases—from yield-bearing stablecoins to ecosystem incentives. This approach gives developers and financial institutions the flexibility to tailor vault strategies to their users, while keeping operational risks and learning curves to a minimum.
According to CoinFund’s David Pakman, the increasing adoption of digital assets and stablecoins will continue to drive demand for reliable yield-generating infrastructure.
“Veda is behind BoringVault, the most widely adoptable vault in the world,” he noted. “Their tech is poised to become the backbone for DeFi’s next chapter.”
Since its launch in March 2024, Veda’s infrastructure has been integrated into platforms like Plasma, EtherFi, Binance Wallet, and Bybit Web3. The company claims to support over 100,000 users and currently manages $3.7 billion in total value locked (TVL). A new partnership with a major global centralized exchange is expected to be announced soon.
Veda plans to use the fresh capital to expand access to both onchain and offchain yield sources, scale its developer-facing tools, and strengthen its enterprise offerings.
