Veda Secures $18M to Expand DeFi Vault Platform
- Decentralized finance protocol Veda raised $18 million to enhance its vault platform.
- The funding round was led by CoinFund, with participation from Coinbase Ventures and others.
- Veda’s platform supports tokenization of various DeFi applications, including yield-bearing stablecoins.
- Total value locked (TVL) in Veda has surpassed $3.3 billion.
- There is a growing demand for Bitcoin yield generation, which Veda aims to address through partnerships.
Veda’s recent funding round highlights the increasing interest in decentralized finance and yield-bearing stablecoins as viable financial tools. The involvement of major investors like CoinFund and Coinbase Ventures underscores the potential seen in expanding onchain wealth opportunities.
With over $3 .3 billion locked in its vaults, Veda is poised to capitalize on the demand for secure Bitcoin yields and innovative DeFi solutions.( Source)
