Veda, a decentralized financial infrastructure company (DEFI), said it has collected $ 18 million in a round-led round to support its platform, which allows applications and institutions to offer simplified cryptographic return products.
The main product of the startup is a modular safe frame that allows developers to create smart contracts to manage performance strategies without exposing users to the complexity of DEFI, the company said.
The vaults, built on the Boringvault standard of Veda, support a range of applications, including replenishment tokens, compatible stables and chain savings accounts.
Veda says he has treated deposits of more than 100,000 users in an increasing network of DEFI protocols and fintech platforms since its beginnings in March 2024.
These include products such as EBTC and Week of Ether.fi, the plasma and pre-depot vault campaigns for Berachain and TAC. Portfolios like Binance Wallet and Bybit Web3 also integrate the infrastructure.
Veda already oversees more than $ 3.7 billion of total location locked and plans to associate with an exchange of centralized crypto among the first five in the near future, he added.
The increase has also seen the participation of Coinbase Ventures, Animoca Ventures, GSR, Mantle Ecofund, Bitgo and Draper Dragon, among others.
