TechFlow News, June 2. According to The Block, treasury infrastructure provider Veda announced integration with embedded wallet infrastructure company Privy—the wallet infrastructure firm acquired by Stripe last June—making its non-custodial treasury infrastructure available via self-serve APIs to over 2,000 developer teams under Privy.
Veda stated that two vaults built on the BoringVault standard will launch first, with full availability expected to begin next month.
Previously, this treasury infrastructure has powered Kraken DeFi Earn and EtherFi’s Liquid products. The two companies noted that Privy currently serves over 120 million accounts, and stablecoins now account for 70% of assets in its wallets—up from 20% a year ago.
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