What Veda does

Veda operates a non-custodial, modular DeFi vault infrastructure platform anchored by its open-source BoringVault smart contract architecture (~100 lines of code) with Merkle-verified actions, formal verification, and over a dozen third-party audits. The platform enables enterprises — primarily crypto exchanges (Kraken, Krak, Bybit, Binance Wallet), fintechs and internet marketplaces (Whop, Plasma One), and DeFi protocols (EtherFi, Lombard, Kinetiq, Mantle) — to launch white-label onchain yield products such as Kraken DeFi Earn, Kraken Bitcoin Earn, Whop Treasury, Plasma One stablecoin Earn, and EtherFi Liquid, without taking on direct custody of user assets. Veda's reported scale metrics include $16B+ in lifetime deposits, $32B+ in total volume, 270,000+ depositors, $400M+ in cumulative yield generated for users, and $3.5B+ in BoringVault TVL.

Veda monetizes through three revenue streams: (1) performance fees on yield generated via its vaults (e.g., the 25% performance fee on Kraken's Bitcoin Vault rewards), (2) Curation Services as a paid managed offering where Veda acts as the institutional risk manager designing and rebalancing yield strategies, and (3) enterprise SaaS/white-label licensing with quote-based contracts that include dedicated engineering, 24/7 triage, and SLA-driven operations. Distribution is primarily direct enterprise sales plus OEM/white-label embedding through partners, with a complementary self-serve developer/API path via docs.veda.tech and a direct-to-consumer Veda App. The company is privately held and domiciled in the Cayman Islands as Veda Tech Caymans, raised $18M in a June 2025 round led by CoinFund with participation from Coinbase Ventures, Animoca Ventures, and other crypto-native VCs, and was founded in 2024 with a stated headcount of 1-10.

Name

Veda

Legal name

Veda Tech Caymans

Website

https://veda.tech

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Veda provides non-custodial, modular DeFi vault infrastructure (BoringVault) that lets crypto exchanges, fintechs, and DeFi protocols launch white-label onchain yield products, with $16B+ lifetime deposits and 270,000+ depositors served across partners like Kraken, Whop, Plasma, and EtherFi.

Ownership category

akta.pro rank

Product category

DeFi Vault Infrastructure

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Lending Protocol Infrastructure (Oracles, Rate Models, Vaults) (FSADAFAN)

akta.pro secondary industry

Custodial Staking Providers (FSADAHAG)

Keywords

• Defi vault infrastructure
• Onchain yield products
• White-label defi
• Multichain yield strategies
• Institutional defi vaults

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Performance Fees: Veda charges performance fees on yield earned through its vault products. For example, Kraken's Bitcoin Vault applies a 25% performance fee on rewards. As the underlying infrastructure and curator of these vaults, Veda earns a share of these performance-based fees.
2. Curation / Risk Management Services: Veda acts as the institutional curator (risk manager) for partner vaults (e.g., Whop Treasury), actively deploying capital across DeFi protocols to optimize risk-adjusted yield. Veda offers Curation Services as a paid offering to businesses seeking ongoing yield optimization.
3. Enterprise SaaS / White-label Licensing: Veda provides enterprise vault infrastructure (smart contracts, SDKs, APIs, custody) under white-label arrangements to exchanges, fintechs, neobanks, and protocols. Revenue is generated through enterprise contracts supporting white-glove deployment, dedicated engineering, 24/7 triage, and SLA-driven operations.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels9 records

Core offering

Veda provides non-custodial, multichain DeFi vault infrastructure that lets institutions and consumer apps launch white-label onchain yield products powered by its open-source BoringVault smart contract architecture. Enterprises integrate Veda's vaults, SDKs and APIs to offer branded Earn products (e.g., Kraken DeFi Earn, Kraken Bitcoin Earn, Whop Treasury, Plasma One Earn, EtherFi Liquid), while Veda also acts as curator/risk manager and operates a direct-to-consumer Veda App for end-user deposits.

Product overview

Veda offers a single unified DeFi vault platform — anchored by its open-source BoringVault smart contract architecture and the broader Veda Protocol — that institutions integrate as white-label yield infrastructure. On top of this core vault layer, Veda ships the Veda App (consumer-facing earn app), Veda Curation Services (optional risk-manager service), and a stack of enterprise-grade APIs and SDKs that let partners like Kraken, Whop, Plasma and EtherFi launch branded yield products such as Kraken DeFi Earn, Kraken Bitcoin Earn, Whop Treasury, Plasma One Earn and EtherFi Liquid. Veda vaults themselves are the deployable instances of the BoringVault architecture; the Veda App is the direct-to-consumer frontend; and Curation Services plus the API/SDK layer are the optional enterprise modules that wrap the core protocol.

Differentiator

Problem solved

Functional benefit

Products and services

• BoringVault Veda's flagship vault architecture — a minimal (~100-line) smart contract standard that forms the foundation of every Veda vault deployment. Powers cross-chain, multi-protocol, non-custodial vaults behind Kraken DeFi Earn, Kraken Bitcoin Earn, Whop Treasury, Plasma One Earn and EtherFi Liquid.
• Veda Vaults (Enterprise Vault Infrastructure) Enterprise-grade vault infrastructure that lets institutions launch white-label, non-custodial onchain yield products. Configurable for compliance (whitelists, curator roles, deposit permissions), supports allowlist-only modular actions, Merkle verification, autocompounding and cross-chain strategies. Reported over $16B in lifetime deposits across 250k+ users.
• Veda Protocol The interconnected open-source smart contracts and related software that comprise Veda's onchain protocol. Provides the non-custodial, programmable financial infrastructure underlying Veda's vault products, available for review at the Se7en-Seas/boring-vault GitHub repository.
• Veda App Consumer-facing application at app.veda.tech/earn that lets end users deposit into Veda's vaults to earn onchain yield directly, complementing the enterprise white-label deployments.
• Veda Curation Services Optional risk-management and yield-optimization service offered to enterprises using Veda vaults, providing ongoing yield strategy curation by Veda's in-house team of curators across lending, looping, basis trades, yield-bearing stablecoins, DEX LP, RWA, and index products.

Quantifiable outcome

• $16B+ in lifetime deposits across 270,000+ depositors
• +7 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

Feature10 records

Partnerships

23 partnerships are on record, tiered flagship, core and minor.

• PlasmaflagshipStrategic or Co-development Partner · 1 June 2026Plasma One app uses a Veda vault on Plasma blockchain to generate stablecoin (USDT) yield for user balances, available across 150M+ merchants in 180+ countries. Plasma has been a day-one infrastructure partner; Veda also powered Plasma's pre-deposits campaign that drove $1B+ in liquidity and an all-time high of $3B in deposits ahead of mainnet launch.
• BlupryntcoreStrategic or Co-development Partner · 1 June 2026Veda and Bluprynt jointly submitted a policy brief to the US SEC in June 2026 advocating that digital asset custody regulation focus on the protections an arrangement delivers, not the institutional form it takes.
• CertoracoreTechnology or Integration · 1 May 2026Certora is Veda's security partner for ongoing formal verification of the BoringVault architecture. Veda's BoringVault has undergone formal verification — mathematical proofs and logic to confirm critical infrastructure operates as designed.
• WhopflagshipStrategic or Co-development Partner · 1 March 2026Whop launched Whop Treasury powered by Veda, enabling 21M+ users and 2.5M+ businesses to earn yield on account balances. USDT funds are routed through a Veda vault on the Plasma blockchain, deploying to Aave. Veda also serves as the Whop Treasury vault's curator (risk manager). Whop recently valued at $1.6 billion.
• KrakenflagshipStrategic or Co-development Partner · 1 January 2026Kraken launched Kraken DeFi Earn powered by Veda in January 2026, initially with three USDC stablecoin vaults (Balanced, Boosted, Advanced) on Ink and Ethereum mainnet. Subsequently expanded with Bitcoin Vault in May 2026, available in 100+ countries. As of June 2026, Kraken Earn vaults exceeded $400M in deposits with 65,000+ users across four Veda vaults curated by Sentora and Chaos Labs.
• Ether.fiflagshipStrategic or Co-development Partner · 1 May 2024Veda powers EtherFi Liquid, a Native Yield product with $750M TVL and 26,000+ users. Veda also powers EtherFi's sETHFI staking vault and 5 other vaults (eBTC, eUSD, LiquidUSD, LiquidBTC, LiquidETH on Optimism). Veda enabled EtherFi's $220M crosschain migration from Scroll to Optimism across 300,000 accounts and 70,000 active cards in 3 days with zero downtime.
• LombardcoreStrategic or Co-development PartnerLombard is one of Veda's trusted partners, featured prominently on Veda's homepage and in case studies. Lombard uses Veda's vault infrastructure for its BTC yield products.
• KinetiqcoreStrategic or Co-development PartnerKinetiq is one of Veda's trusted partners, featured on Veda's homepage. Kinetiq uses Veda's vault infrastructure for liquid staking and yield products.
• MantlecoreStrategic or Co-development PartnerMantle is both a partner logo on Veda's homepage and an investor via Mantle EcoFund. Mantle uses Veda's vault infrastructure for ecosystem yield products.
• BybitcoreTechnology or IntegrationBybit appears as a trusted partner logo on Veda's homepage, with Bybit Web3 integration referenced.
• Binance WalletcoreTechnology or IntegrationBinance Wallet appears as a trusted partner logo on Veda's homepage, indicating wallet-level integration.
• Turtle ClubminorStrategic or Co-development PartnerTurtle Club is one of Veda's trusted partners, featured on Veda's homepage.
• SentoraflagshipTechnology or IntegrationSentora serves as the institutional-grade risk manager / curator for multiple Veda vaults, including all four Kraken Earn vaults (USDC Balanced, Boosted, Advanced; BTC Earn). Sentora actively rebalances protocols to optimize risk-adjusted yield.
• Chaos LabsflagshipTechnology or IntegrationChaos Labs serves as curator (risk manager) for Kraken's Balanced and Boosted Veda vaults, as well as Krak's Balanced and Boosted Vaults, providing risk management and yield strategy oversight.
• PrivycoreTechnology or IntegrationPrivy is Veda's self-custodial wallet integration partner. Privy wallets are auto-created on the backend for each user during the Kraken deposit process, ensuring users retain custody of their funds.
• HypernativecoreTechnology or IntegrationHypernative provides real-time blockchain threat detection integrated with Veda's tech stack for onchain monitoring and security.
• AavecoreTechnology or IntegrationAave is a primary DeFi lending protocol integrated into Veda vaults. Kraken BTC Earn vault, Whop Treasury, Plasma One Earn, and the Advanced Strategies USDC vault all deploy to Aave as part of their yield strategies.
• MorphocoreTechnology or IntegrationMorpho is used in Kraken's Bitcoin Earn vault as part of a supervised loan strategy curated by Sentora. The vault executes a supervised loan strategy leveraging Morpho's open credit network.
• Sigma PrimecoreTechnology or IntegrationSigma Prime is one of the third-party security audit firms that has audited Veda's onchain infrastructure.
• SpearbitcoreTechnology or IntegrationSpearbit is one of the third-party security audit firms that has audited Veda's onchain infrastructure.
• 0xMacrocoreTechnology or Integration0xMacro is one of the third-party security audit firms that has audited Veda's onchain infrastructure.
• ImmuneficoreTechnology or IntegrationImmunefi hosts Veda's ongoing bug bounty program with rewards up to $1 million USD for vulnerability disclosures.
• BlockworkscoreGTM or Marketing PartnerBlockworks hosts a dedicated Veda analytics dashboard with 120+ charts covering Veda vault performance across partners. Blockworks has published reports analyzing the Advanced Strategies USDC vault and other Veda-powered vaults.

Scale indicators23 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Yearn Finance: Yearn Finance is one of the original DeFi yield aggregators, deploying capital across protocols via automated vaults. It is the most direct historical peer to Veda's vault infrastructure, though Yearn focuses on permissionless consumer vaults while Veda focuses on enterprise/white-label vaults with curator risk management.
• Sommelier Finance: Sommelier operates a multi-strategy DeFi vault platform with a curator-based architecture that closely mirrors Veda's BoringVault curator model. Both rely on expert curators designing yield strategies that are executed through vault smart contracts, making it the closest architectural and conceptual peer.
• Convex Finance: Convex Finance is a yield-optimization protocol that aggregates Curve LP positions via its own vault contracts and captures a share of underlying yield. It is a direct competitor in the 'vaults that route depositor capital to DeFi strategies' category, though with a narrower protocol focus.
• Beefy Finance: Beefy is a multi-chain yield optimizer operating vault products across dozens of EVM and non-EVM chains. It is comparable to Veda in the vault abstraction and multichain dimension, though Beefy targets permissionless retail while Veda targets enterprise white-label deployments.
• Enzyme Finance (formerly Melon Protocol): Enzyme is an onchain asset management protocol that lets users and institutions deploy capital via customizable, auditable vaults. It is comparable to Veda in the 'programmable, auditable vault' value proposition and competes in the same institutional DeFi infrastructure space.

Emerging players

• Morpho: Morpho is a DeFi lending infrastructure protocol that Veda vaults integrate as an underlying allocation target (e.g., the Kraken Bitcoin Earn vault uses Morpho). It is comparable as a programmable lending/yield primitive that Veda composes with, and overlaps as an emerging institutional DeFi infrastructure provider.
• Eigen Labs (EigenLayer): Eigen Labs builds restaking infrastructure enabling Ethereum staked ETH to secure additional services, with yield-bearing wrappers (LRTs) that compete with Veda's yield products. It is comparable as adjacent programmable yield infrastructure serving institutional DeFi, with substantial overlap in target customers and end users.
• Ethena: Ethena is a yield-bearing synthetic dollar protocol (USDe) whose strategies involve delta-hedged ETH/staking positions. It is listed as one of Veda's supported yield-bearing stablecoin integrations, and overlaps with Veda as a competing institutional yield product available to exchanges and fintechs.

Broad incumbents

• Sky (MakerDAO): Sky/MakerDAO operates the DAI/sDAI yield-bearing stablecoin ecosystem and is listed as one of Veda's supported yield-bearing stablecoin integrations. It is comparable as a much larger, established incumbent in the onchain yield and stablecoin infrastructure category where Veda operates.
• Fireblocks: Fireblocks is an institutional digital asset custody and infrastructure platform serving exchanges, fintechs, and asset managers. It is comparable to Veda as adjacent institutional crypto infrastructure, with overlap in target customers (Kraken, Bybit-adjacent) and overlapping enterprise security/compliance requirements.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/veda_labs
• GitHubgithub.com/Se7en-Seas/boring-vault
• LinkedInlinkedin.com/company/veda-tech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veda