According to Gate News bot and Cointelegraph, the DeFi protocol Veda announced a financing of $18 million to accelerate the adoption of its vault platform. The platform enables asset issuers to build cross-chain yield products, including yield-bearing stablecoins.
The company disclosed on Monday that this round of financing was led by CoinFund, with participation from institutions such as Animoca Ventures, BitGo, Mantle EcoFund, GSR, Relayer Capital, PEER VC, Draper Dragon, Credit Neutral, Neartcore, and Maelstrom.
Veda’s angel investors include Anchorage, the co-founder of EtherFi and Polygon.
Launched in 2024, Veda is a protocol for tokenizing a variety of DeFi applications, including liquid staking tokens, yield savings accounts, and stablecoins, powering platforms such as EtherFi’s Liquid, Mantle’s cmETH, and Lombard DeFi Vault.
Industry data shows that Veda TVL has exceeded 3.3 billion dollars.
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