The startup Veda has successfully completed a funding round, raising $18 million to further develop its DeFi infrastructure. The leading investor was the venture fund CoinFund, with additional funding from Coinbase Ventures, Animoca Ventures, GSR, Mantle EcoFund, BitGo, and Draper Dragon.
This is reported by Business • Media
New Opportunities for DeFi Users
The Veda platform is creating an innovative modular system of DeFi vaults that allows applications and institutional users to effectively manage yield strategies across various blockchains. The BoringVault standard implemented on the platform supports features such as restaking, yield-generating stablecoins, and on-chain accounts. A key aspect of the solution is the simplification of interactions with DeFi products, eliminating the need for users to delve into the complex logic of protocols.
Impressive Results and Future Plans
Since March 2024, Veda has processed deposits from over 100,000 users, and the total value locked (TVL) has exceeded $3.7 billion. The company announced plans for a partnership with one of the five largest centralized exchanges in the near future, which will further expand the platform’s audience and capabilities.
“Our goal has always been to open DeFi to the whole world. And we will achieve this by making DeFi seamless for users,” the statement said.
It was previously reported that during the week of June 14 to 21, 2025, investors poured over $894.2 million into 31 crypto projects, indicating high activity in the digital asset market.