DeFi infrastructure company Veda has completed a $18 million funding round, led by CoinFund.

BlockBeats News, June 23rd, DeFi infrastructure company Veda announced the completion of a $18 million financing round, led by CoinFund.

The new funds are intended to support its platform to enable applications and institutions to offer simplified crypto yield products, including a modular insurance pool framework where developers can create smart contracts to manage yield strategies without requiring users to interact with the complexities of DeFi. Veda has already processed deposits from over 100,000 users and oversees assets with a total locked value of over $3.7 billion.