Veda, a DeFi infrastructure company, has successfully completed an $18 million funding round led by CoinFund, with participation from Coinbase Ventures and Animoca Ventures.
Funding for Veda
Veda completed a funding round receiving $18 million. Major investors include CoinFund, Coinbase Ventures, and Animoca Ventures. The funds will be directed towards expanding DeFi infrastructure with a focus on enhancing vault technologies.
Institutional Endorsement
CoinFund led this funding initiative, marking a strong institutional endorsement for Veda’s strategy. The funds will bolster resource allocation towards deeper integration with multi-blockchain platforms, potentially increasing mainstream adoption of Veda's products.
Market Confidence
The involvement of prominent VCs in this round signifies growing market confidence. Veda's infrastructure-first approach could drive institutional participation in DeFi. The company’s modular vaults support diverse yield applications, showing industry relevance.
This funding from Veda could enhance institutional acceptance and further refine DeFi infrastructure. It may set a precedent for future investments in decentralized financial ecosystems, aligning with both market demands and regulatory trends.
