Catenaa, Sunday, June 29, 2025- Decentralized finance infrastructure firm Veda has raised $18 million in a funding round led by CoinFund, with participation from Coinbase Ventures, GSR, Animoca Ventures, and others, to scale its universal DeFi vault platform aimed at mainstream adoption.
The platform enables apps, protocols, and institutions to offer yield-bearing products without exposing users to the technical complexity of DeFi.
Veda’s flagship product, the BoringVault framework, supports programmable smart contract vaults that integrate on-chain and off-chain yield strategies across chains while preserving decentralization and user custody.
CEO Sun Raghupathi said the funding will help expand enterprise offerings and optimize developer access, while COO Stephanie Vaughan called BoringVault the “definitive standard in DeFi” with a perfect security record. ‘
Veda claims over 100,000 users and $3.7 billion in total value locked since launching in March 2024.
The platform has already been adopted by Plasma, EtherFi, Binance Wallet, and Bybit Web3. A major partnership with a top-five centralized exchange is expected within a month, according to the firm.
CoinFund’s David Pakman praised Veda for building the most adaptable and secure DeFi vault system available, saying its infrastructure is key to making DeFi usable for the masses.
The raise was also backed by Mantle EcoFund, BitGo, Draper Dragon, and prominent angel investors, including founders from Anchorage, EtherFi, and Polygon.
