Veda Raises $18M to Let Crypto Earn Like a Bank Savings Account

Veda Raises $18M to Let Crypto Earn Like a Bank Savings Account

by Team Crafmin
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Veda, a rising force in decentralised finance (DeFi), has just clinched $18 million in fresh capital, setting its sights on transforming crypto into something as familiar as a savings account. Rather than sitting idle, your digital coins can now pull their weight—earning returns while you get on with your day.

Image 1: (Source: citybiz)

Instead of reinventing the wheel, Veda is building the nuts and bolts that let crypto work behind the scenes. The firm provides infrastructure that enables companies to offer interest-bearing services for digital assets. From where the average user stands, it looks as easy as parking money in a high-yield account—but the engine under the bonnet is running on blockchain.

Letting Your Coins Do the Heavy Lifting

At the core of Veda’s system are its “vaults”—digital lockboxes powered by smart contracts. Once users drop in their crypto, the vaults kick into gear like clockwork. They allocate funds across different strategies—staking, lending, or investing—all without needing the user to fiddle with technical settings.

It’s like letting your spare change invest itself, while you focus on your 9-to-5. The vaults generate “yield” based on market strategies, with users keeping full control of their crypto. You’re not handing over the keys to the castle—you’re letting the tech work for you.

Launched in 2024, Veda’s tech has been fine-tuned to handle a range of use cases. It’s a modular setup, meaning different vaults can be tailored for specific digital currencies—be it Ethereum, Bitcoin, or US dollar-pegged stablecoins. These vaults work across several blockchain networks, making them a Swiss Army knife for yield generation.

A Line-up of Heavy Hitters

The $18 million was led by CoinFund, with support from industry giants like Coinbase Ventures, BitGo, Animoca Ventures, Mantle EcoFund and GSR. A number of angel investors also joined the ride—many with roots in successful projects such as Anchorage, Polygon and Ether.fi. Their investment signals a vote of confidence: Veda’s model is no pipe dream. It’s already up and running, and it’s got the backing to grow even further.

These funds aren’t just going into a war chest—they’re earmarked for sharpening Veda’s tech, improving cross-chain compatibility, and deepening integrations with crypto platforms. Put simply, the company’s gearing up for a sprint.

Image 2: (Source: CoinDesk)

Stablecoins That Earn While You Sleep

Take stablecoins—digital tokens tied to traditional currencies like the US dollar. Billions already float through the crypto space in the form of USDC and USDT. But those coins usually just sit there. With Veda’s infrastructure, they’re put to work.

Using vaults, these stablecoins can generate returns automatically. It’s the digital equivalent of putting your earnings in a term deposit that kicks off returns without the bank’s red tape. The process is seamless, and for many investors, it’s a no-brainer.

Anyone with half an eye can tell which way the wind’s blowing. As stablecoins continue to flood the market, the appetite for interest-generating versions will only grow. Veda’s betting that demand won’t just simmer—it’ll boil over.

Bringing Bitcoin Into the Fold

Up until not long ago, trying to make your Bitcoin work for you without handing over the keys was like squeezing blood from a stone. Most solutions either demanded too much trust or too much tech know-how. That’s changing.

Veda is partnering with projects like Lombard DeFi to crack this nut. Their collaborative vaults let Bitcoin holders earn yield without handing over custody or wading through the technical weeds. It’s a savvy way to make idle Bitcoin sweat without risking the farm.

The same approach is being applied across other assets too. For institutions managing large volumes or individual investors dipping a toe in the water, the drawcard is the same: more returns, less hassle.

Building the Invisible Engine of Finance

Veda isn’t out to hog the spotlight. Its real ambition lies in being the powerhouse behind the curtain—the silent driver that makes crypto products more like mainstream financial tools. Whether it’s an app offering savings features or a platform helping clients stake coins, Veda’s vaults can be slotted in like clockwork.

Already supporting billions in deposits and thousands of users, the company aims to expand its reach even further. The new funds will help scale operations, hire top talent and strengthen platform security. By doing so, Veda aims to become the standard toolkit for any service provider wanting to offer yield without complexity.

CoinFund partner David Pakman has highlighted the shift in expectations: users no longer want digital dollars to sit on the sidelines—they want them earning their keep. This sentiment underpins Veda’s entire vision.

The Road Ahead

There’s no room for coasting in DeFi, and Veda knows it. The team is rolling up their sleeves to enhance security, broaden blockchain access, and support rising crypto apps wanting to bake yield directly into their offerings.

Read Also: Altcoin Recovery Gains Traction After $1B Crypto Liquidation

Veda’s approach simplifies the tangled web of DeFi. Instead of asking users to jump through hoops, it delivers a plug-and-play experience. You put your money in; the vault gets to work; you earn returns. No rocket science, no sleepless nights.

In many ways, the company is turning crypto into a workhorse for everyday savers—making sure that every coin pulls its weight. If traditional banks don’t keep pace, they may find themselves playing catch-up in a new era of money.

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