DeFi infrastructure provider Veda has announced the successful raising of $18 million in a funding round led by CoinFund. The funds are intended for developing its modular vaults platform.
Funding Round and Strategic Backers
The funding round of $18 million was led by CoinFund, with participation from Coinbase Ventures, Animoca Ventures, and GSR. The funds will be used to expand the engineering team, enhance security audits, and deploy new vault modules that integrate more seamlessly with traditional finance systems.
Institutional Roadmap and Developer Growth
Veda plans to attract not only DeFi teams but also institutions from traditional finance by offering customizable components. To facilitate integration, Veda will also launch developer toolkits and comprehensive documentation.
Veda's Modular Structure and Benefits
Veda’s modular framework allows developers to build vaults from interchangeable components, simplifying the creation of crypto products like automated asset allocation and liquidity management. This flexibility enhances development cycles and minimizes bugs.
The $18 million raised strengthens Veda’s position as a key player in DeFi, focused on developing an accessible and secure infrastructure for creating crypto products.
