Vault infrastructure provider Veda is making its vaults available to the developer teams building on Privy, the wallet infrastructure company Stripe acquired last June, the two companies said Tuesday. The announcement was made at Proof of Talk 2026 at the Louvre Palace in Paris.
Until now, Veda's vaults reached the market through one-off institutional integrations. Kraken used them to launch Kraken DeFi Earn, and EtherFi used them to build its Liquid product. Each of those took dedicated engineering and months of coordination, the kind of commitment most companies cannot justify. The Privy integration turns that into a standard API call.
"Until now, we didn't have a way to bring our proven vault stack to thousands of startups who want to integrate onchain yield," Sunand Raghupathi, Veda's co-founder and CEO, said in a statement. "Any team building on Privy can now offer their users the same vault infrastructure that the biggest platforms in crypto use every day."
Privy builds embedded crypto wallets that let fintechs and other businesses spin up easy-to-use wallets for their customers without seed phrases or external apps. The company now powers more than 120 million accounts across over 2,000 developer teams. In an interview ahead of the announcement, Raghupathi described it as close to a monopoly in its category, calling it "the largest embedded wallet solution in the world."
