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Veda brings institutional vault infrastructure to Privy developers

Created at 1 Jun · 7:05 PM3 sources↑ Market-relevant3 events
IN SHORT

Veda has made its DeFi vault infrastructure available to developer teams building on Privy's wallet API network. This integration allows fintech apps to launch on-chain yield products faster. Privy supports over 120 million accounts across 2,000 developer teams.

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Key Numbers

$100 millionKraken Bitcoin Earn total user deposits
2,000+developer teams on Privy
120 million+accounts supported by Privy

Who's Involved

Veda Labs
Provider of DeFi vault infrastructure, powering Kraken Bitcoin Earn
Privy
Wallet infrastructure company supporting developer teams
Stripe
Acquired Privy in June
Sunand Raghupathi
Co-founder and CEO of Veda
Kraken
Used Veda's vault infrastructure for Kraken DeFi Earn
EtherFi
Used Veda's vault infrastructure for its Liquid product

↳ Why This Matters

This integration democratizes access to institutional-grade DeFi yield infrastructure, allowing a broader range of fintech applications to offer sophisticated on-chain products to their users, potentially accelerating mainstream adoption of decentralized finance.

Key facts

  • Veda has made its DeFi vault infrastructure available to developer teams on Privy's network.
  • The integration allows fintech apps to launch on-chain yield products more quickly.
  • Privy supports over 120 million accounts across more than 2,000 developer teams.
  • Veda's launch vaults will support major stablecoins and use diversified strategies across EVM ecosystems.
  • Access is currently waitlisted, with general availability planned for next month.

Veda has opened its DeFi vault infrastructure to developers using Privy, enabling fintech teams to more rapidly deploy on-chain yield products via Privy's wallet APIs. This integration, announced at Proof of Talk 2026, allows startups to access the same vault system previously used by large crypto platforms like Kraken and EtherFi, but with significantly reduced engineering effort. Privy, which supports over 120 million accounts, will offer Veda's yield strategies, focusing initially on stablecoins and diversified EVM ecosystem approaches, marking a move beyond solely lending-based products.

Frequently asked questions

Veda is making its DeFi vault infrastructure available to developer teams building on Privy's wallet API network, allowing for faster launch of on-chain yield products.

Privy currently supports over 120 million accounts across more than 2,000 developer teams.

Veda's vaults will support major stablecoins and utilize diversified strategies across EVM ecosystems, offering a non-lending yield option.

Previously, Veda offered its vault infrastructure through direct institutional deals, which required months of engineering work for platforms like Kraken and EtherFi.

What Happens Next

01General availability of Veda's vault infrastructure on Privy planned for next month.
02Veda is studying Solana opportunities.

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Cadence

How It Developed

2 Jun · 12:17 PM
Veda Labs now offers its DeFi vault infrastructure to Privy developers, enabling faster creation of onchain yield products.
CoinCentral via PiQSuite
2 Jun · 11:05 AM
Veda is integrating its vault stack, which powers Kraken DeFi Earn, with Privy's developer teams.
@TheBlockCo via PiQSuite
1 Jun · 7:00 PM
Kraken Bitcoin Earn has surpassed $100 million in total user deposits.
@krakenfx via PiQSuite

Sources

T1
RT @veda_labs: NEWS: Kraken Bitcoin Earn has exceeded $100 million in total user deposits. → Yield strategy by @SentoraHQ → Powered by Ved…@krakenfx via PiQSuite
T1
EXCLUSIVE: Veda brings the vault stack behind Kraken DeFi Earn to Privy's 2,000-plus developer teams https://t.co/bvUnohJLvs@TheBlockCo via PiQSuite
T1
Veda Brings Institutional Vault Infrastructure to Privy Developersm.piqsuite.com

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