DeFi vault platform Veda has raised $18 million in a funding round led by CoinFund. The company aims to use the funds to scale its universal vault platform, which enables protocols and fintech applications to build multichain, yield-generating products with enterprise-grade functionality.
Other participants in the round include Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, Mantle EcoFund, BitGo, Draper Dragon, and Heartcore, among others. Notably, the raise also drew support from prominent angel investors such as Nathan McCauley (Anchorage), Mike Silagadze (Ether.fi), and Sandeep Nailwal (Polygon).
Veda Building Infrastructure for the Next Wave of DeFi
Veda’s core offering is its BoringVault framework — an open-source vault standard that has quietly become the backbone for dozens of live DeFi products since launching in March 2024. These include integrations with ether.fi’s eBTC and weETHs, Sonic Rings’ native yield solutions, and wallets such as Binance Wallet and Bybit Web3.
Vaults in DeFi function as smart contracts that manage deposits and execute yield-generating strategies automatically. Veda’s infrastructure abstracts away the complexity of deploying these vaults across multiple chains, allowing developers, institutions, and asset issuers to offer custom onchain yield products without needing to deeply understand the fragmented DeFi stack.
“The best infrastructure is invisible — it just works. That’s what we’ve built with Veda,” said CEO Sunand Raghupathi. “We enable any platform to offer onchain yield without exposing the complexity of DeFi, while preserving what makes it powerful: self-custody, transparency, and control. ”
Why It Matters? Institutions Are No Longer Waiting
While institutional interest in DeFi has been on a slow boil for years, platforms like Veda are now providing the tooling to finally close the gap between experimental blockchain finance and regulated, scalable financial products.
“Institutions and fintechs aren’t just exploring DeFi in theory anymore — they’re actively implementing it,” said Veda COO, Stephanie Vaughan.
“Veda’s BoringVault framework is already the definitive standard in DeFi, and the only one operating at this scale with a flawless security record, Stephanie mentioned.
“This raise allows us to deepen those partnerships and accelerate the next wave of DeFi adoption across established financial platforms,” Stephanie added.
To date, Veda has amassed over $3.7 billion in TVL and attracted over 100,000 depositors.
The company is also in final stages of negotiation with a top-five global centralized exchange to integrate its vault infrastructure.
This traction reflects broader macro trends: According to a May 2025 report by Messari, total institutional capital in DeFi protocols surged by 47% over the past six months, driven largely by demand for structured yield, stablecoin alternatives, and tokenized RWAs (real-world assets). Meanwhile, a Chainalysis study shows that institutional wallets accounted for over 60% of DeFi volume in Q1 2025.
A Crowded Field — But a First-Mover Advantage
While the vault standard has seen contributions from other projects like Yearn, Pendle, and Sommelier, Veda’s BoringVault is currently the most adopted multichain standard in the space. Its modular design supports integrations with Ethereum L2s, restaking protocols, and emerging appchains like Berachain.
“Veda solves an unmet and growing need in the DeFi ecosystem—as more wealth comes on chain, infrastructure for the on-chain equivalent of traditional ‘funds’ must exist, and Veda is the leader in providing these vaults,” said CoinFund Head of Venture Investments, David Pakman.
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