DeFi infrastructure company Veda completes $18 million financing, led by CoinFund

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On June 23, DeFi infrastructure company Veda announced the completion of a $18 million funding round, led by CoinFund.

The new funds are intended to support its platform to enable applications and institutions to provide simplified crypto yield products, including a modular vault framework where developers can create smart contracts to manage yield strategies without exposing users to the complexities of DeFi. Veda has already processed deposits from over 100,000 users and manages assets with a total locked value of more than $3.7 billion.

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