TLDR
- Veda has made its DeFi vault infrastructure available to developer teams building on Privy’s wallet API network.
- The integration gives fintech apps a faster way to launch onchain yield products without months of custom engineering.
- Privy currently supports more than 120 million accounts across over 2,000 developer teams.
- Veda said its launch vaults will support major stablecoins and use diversified strategies across EVM ecosystems.
- The company said access is currently waitlisted, with general availability planned for next month.
Veda has opened its DeFi vault infrastructure to developers using Privy, giving fintech teams a faster route to add onchain yield products through Privy’s wallet APIs.
The Block reported that Veda and Privy announced the integration Tuesday at Proof of Talk 2026, held at the Louvre Palace in Paris. Privy, the wallet infrastructure company acquired by Stripe last June, provides embedded crypto wallets for fintech firms and other apps. According to the companies, Privy supports 120 million accounts across 2,000 developer teams.
Enterprise Vaults Move Into APIs
Veda previously reached users through direct institutional deals, according to the companies. Kraken used its vault infrastructure for Kraken DeFi Earn, while EtherFi used it for its Liquid product. Veda said those integrations required months of engineering work.
Sunand Raghupathi, Veda’s co-founder and CEO, said in a statement that the Privy connection gives startups access to the same vault system used by large crypto platforms. In an interview with The Block, Raghupathi said Privy gives Veda distribution through fintech companies.
Veda Adds Non-Lending Yield Option
Raghupathi told The Block that Veda is the first yield provider on Privy not centered on lending. Privy had connected developers with lending protocols such as Aave, which he described as simpler single-asset products.
At launch, Veda said it will offer two vaults using strategies across leading EVM ecosystems. The vaults support major stablecoins, and developers can add their own fee. Veda said it will publish vault configurations and live yield networks in product documents. Raghupathi told The Block that the firm is studying Solana opportunities.
According to the companies, stablecoins now account for 70% of assets held in Privy-powered wallets, compared with 20% a year earlier. Raghupathi said platforms holding stablecoins may want yield products to retain balances, bring in users, and create revenue.
Veda said Kraken DeFi Earn has attracted more than $250 million in deposits in less than four months. The company called it the largest enterprise DeFi earn product.
Security and Compliance Stay Central
Raghupathi told The Block that Veda has not suffered a major security incident. He said experience across stablecoin depegs, protocol exploits, and liquidity stress has shaped its controls.
Veda hired Alberto Cuesta Cañada, a co-author of ERC-4626, as VP of onchain security. It also hired TuongVy Le, formerly of Anchorage and the SEC, as general counsel. Developer access is waitlisted, with launch planned next month.
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