Veda integrates with Privy, launching non-custodial vault infrastructure

According to The Block, Veda announced an integration with Privy, making its non-custodial vault infrastructure available to over 2,000 developer teams under Privy via a self-service API. The initial launch will feature two vaults based on the BoringVault standard, with a full rollout expected to begin next month. This infrastructure has previously supported a certain exchange’s DeFi Earn and EtherFi’s Liquid products. Privy currently serves over 120 million accounts, and the share of stablecoins in its wallet assets has risen from 20% a year ago to 70%.