Sun Raghupathi, CEO of Veda, argues that access key management now represents a bigger threat than smart contract vulnerabilities for onchain vaults. Founded in 2024, Veda has routed over $16 billion through its vault infrastructure without a reported security incident on its smart contracts. Its primary client, Kraken, has accumulated over $600 million in deposits across its Earn vaults, with $100 million arriving since June 2025 alone. The firm closed an $18 million funding round led by CoinFund in June 2025 and serves more than 80,000 users across its vault products.
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