Veda
Founded 2024 Β· 38 employees on LinkedIn Β· 7 known investors
Veda builds multichain, multiprotocol yield vaults that accept deposits on one chain and route capital across multiple DeFi protocols and chains to pursue the best risk-adjusted yield, while showing users a single balance and allocation view. Its vaults support 20+ chains and 35 protocols, and one example is Kraken's Advanced Strategies USDC vault.
Also known as BoringVault Β· Veda Labs
Founders & leadership
Veda was founded in 2024 by Sunand Raghupathi.
Investors Β· 7
Also in the syndicate Β· 4
Funding
SEC filings, press & company announcements$18M disclosed across 1 of 2 rounds Β· 2021β2025
- $18MraisedJun 2025 Β· 3 sources
CoinFund (lead), Animoca Ventures, BitGo, Coinbase Ventures, Credibly Neutral, Draper Dragon, GSR, Heartcore, Maelstrom, Mantle EcoFund, Mike Silagadze, Nathan McCauley, PEER VC, Relayer Capital, Sandeep Nailwal
Source β - Undisclosed amountSeries BJul 2021Source β
Source: company announcements and press reports β follow each round's link for the claim.
Company profile
researched Aug 2026Veda operates a DeFi vault infrastructure platform that lets crypto applications, asset issuers, exchanges, chains, wallets and fintechs launch enterprise-grade onchain yield products without building their own smart contract and offchain systems. Its core product, the BoringVault, is a vault standard in which a smart contract holds user deposits and applies a defined strategy to generate yield or execute a financial function. Veda describes the vault as a DeFi primitive that handles standardized pricing and accounting of user balances and share values, adaptive allocation of capital across strategies, automated rebalancing, and rapid launch or update of vaults in as little as 48 hours.
The platform is positioned as a layer above underlying DeFi protocols such as lending markets, DEXs and staking, and is described as protocol-, asset- and chain-agnostic, spanning EVM, SVM and MoveVM environments. Vault operations are constrained to a whitelisted set of onchain-viewable actions, funds remain in audited non-custodial smart contracts, and vault shares are composable with other DeFi primitives. Partners can configure address whitelists, deposit permissions and curator roles to meet jurisdictional or internal compliance requirements, and Veda supplies smart contracts, SDKs and APIs for white-labeled products along with dedicated engineering support, 24/7 triage and SLA-driven operations.
Use cases the company lists include crypto savings accounts, ecosystem vaults, a DeFi bluechip index fund, yield-bearing stablecoins, liquid restaking tokens, native chain yield and pre-deposit campaigns. Veda also offers curation services, describing itself as a vault curator that designs and manages onchain yield products.
Founding story
Veda was founded in early 2024 by CEO Sun Raghupathi, CTO Joe Terrigno and COO Stephanie Vaughan, on the premise that onchain yield and vault infrastructure would underpin the next iteration of finance and that the unlock for institutional adoption sits between end users and protocols.
Business model
Veda supplies vault infrastructure and curation services to institutional partners, who embed white-labeled yield products into their own applications using Veda's smart contracts, SDKs and APIs. Deployments are bespoke per partner, with vault design tailored to each business's target exposure, risk profile and distribution rails, and supported by an enterprise support package.
Traction
Company materials report over $32B in total volume handled, 200+ vaults operated, 300k+ active users, 300+ onchain integrations and 35 team members. At the time of its June 2025 funding announcement, Veda reported over $3.7 billion in total value locked and more than 100,000 depositors since the vault standard's March 2024 launch. Vaults powering Kraken Earn exceeded $400M in deposits across four vaults, 65,000 users and $4M in yield.
Latest developments
Recent announcements include Veda powering the MetaMask Money Account for the self-custodial wallet, a vault behind Plasma One's stablecoin earn product offering spendable USDT yield, the availability of Veda vaults on Privy for embedded yield in enterprise applications, and Kraken Earn vaults surpassing $400M in deposits.
βΈFull profile β market position, technology, go-to-market, geography, history
Market position
Veda describes itself as the largest and longest-running general-purpose vault provider and curator in DeFi, with BoringVault presented as the most widely used vault standard. It cites zero security incidents while operating at billion-dollar scale and notes that its vault token eBTC was the first vault token onboarded to Aave's main market. Investors and partners quoted publicly include CoinFund managing partner David Pakman, Coinbase Ventures' Jonathan King and Franklin Templeton's head of crypto Christopher Perkins.
Veda emphasizes multi-chain and multi-protocol coverage through a single integration rather than lock-in to one protocol, verifiable onchain constraints on vault actions, non-custodial custody in audited contracts, configurable compliance controls, composability of vault shares with lending markets and other primitives, and the ability to launch or update strategies within 48 hours.
Technology
The BoringVault is Veda's vault standard: a smart contract that custodies deposits non-custodially and executes defined yield strategies, with Merkle-verified operations and minimally exposed contracts restricted to a whitelisted, onchain-visible action set. Offchain logic combined with a modular architecture allows curators to run arbitrarily complex strategies, including multiple strategies within one vault, while the system handles cross-chain operations, real-time pricing and accounting, dynamic allocation and continuous rebalancing. Veda supports EVM, SVM and MoveVM chains, integrates with lending protocols, DEXs and staking, and states multiple completed audits. Vault shares are composable as collateral in other protocols.
Go-to-market
Veda sells directly to enterprises, with a business development team focused on large enterprise clients and an inbound vault design partner intake form on its site. Distribution reaches end users through partner front ends such as exchange earn products, wallets and embedded finance providers, and the company publishes case studies and partnership announcements on its blog.
Exchanges, fintechs, self-custodial and embedded wallets, asset issuers, blockchains and DeFi protocols and applications, plus their retail and institutional end users. Named partners include Kraken, MetaMask, Privy, Whop, Plasma, ether.fi, Lido, Lombard, Sonic, Corn, Berachain, TAC, Binance Wallet and Bybit Web3 wallet.
Geography
The June 2025 funding announcement was issued from New York. Products are deployed across multiple blockchain networks, including EVM, SVM and MoveVM ecosystems, and compliance controls are configurable for different jurisdictions.
History
The company was started in 2024 and its BoringVault standard launched in March 2024. By June 2025 it reported more than $3.7 billion in TVL and over 100,000 depositors, and announced an $18M round led by CoinFund alongside plans to partner with a top-five global centralized exchange. Subsequent partnerships include Kraken DeFi Earn, MetaMask's Money Account, Privy, Plasma One, ether.fi Liquid vaults, Lido Earn, and distribution through Binance and Bybit Web3 wallets.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 7
launches, deals, and filingsFour Veda vaults powering Kraken Earn surpassed $400M in deposits with 65,000 users and $4M in yield generated.
$400M source β
A Veda vault enables spendable USDT yield within Plasma One's stablecoin earn product.
Veda infrastructure enables yield for the MetaMask Money Account in the self-custodial wallet.
Veda's vault infrastructure is made available on Privy to bring embedded yield to enterprise applications.
Veda announced an $18M raise led by CoinFund with participation from Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, Mantle EcoFund, BitGo, Credibly Neutral, Draper Dragon, Heartcore, PEER VC, Relayer Capital, and angel investors Nathan McCauley, Mike Silagadze and Sandeep Nailwal.
$18M source β
Veda onboarded eBTC, described as the first vault token accepted as collateral on Aave's main market.
Veda's BoringVault standard launched in March 2024 and subsequently amassed over 100,000 users across yield vaults, LRTs, native chain yield and pre-deposit campaigns.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch sources Β· 8
primary sources listed
- Vedaveda.tech Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Veda do?
- Veda builds vault infrastructure that lets exchanges, wallets and fintechs offer cross-chain DeFi yield products.
- Who founded Veda?
- Veda was founded by Sunand Raghupathi in 2024.
- Who are Veda's investors?
- Veda's investors include CoinFund, Draper Dragon, Mirana Ventures.
- How much funding has Veda raised?
- Veda has disclosed $18M raised across 1 of its 2 known rounds.