[ad_1]
- Veera has unveiled one-click cross-chain swaps and unified multi-asset yield as new features to resolve persistent headaches for DeFi users.
- The features will enable users to earn yield and move assets seamlessly across multiple blockchains from a single interface.
- The startup raised $10 million in its latest funding round, backed by CMCC Titan Fund and Sigma Capital.
Veera, a budding global on-chain neobank, has announced the launch of two major product features it claims are designed to reduce the friction and complexity plaguing the decentralized finance (DeFi) space.
The issue of usability in DeFi has seen little progress despite all the years of innovation the space has seen, which quickly turns off newbies.
Veera announced its one-click cross-chain swap solution and a unified multi-asset yield hub, features that allow users to earn yield and move assets seamlessly across multiple blockchains from a single interface.
Together, Veera’s new upgrades are pitched as the solution to two problems that have plagued the DeFi space since its inception.
Veera’s latest development targets two big issues in DeFi
The newly launched multi-asset yield hub will allow users to earn and manage yield across multiple chains and assets, all within one platform. It eliminates the need to monitor positions across multiple dashboards, wallets, and protocols, and allows other mediums and users to view aggregated yield opportunities all in one place.
“We’ve spent a lot of time watching users struggle with things that have nothing to do with finance and everything to do with complex technology. The yield hub is our way of saying that users shouldn’t need to work through a painstaking learning curve on infrastructure just to earn on their assets,” Sukhdeep Bhogal, Co-Founder and CEO of Veera, said.
The unified approach not only simplifies yield generation but also preserves access to opportunities across multiple blockchains. This takes the pressure off users as they don’t have to understand where the yield originates across chains nor understand how to deploy assets on different networks.
When it comes to managing yield, that problem becomes even more complicated, as even veterans of the space sometimes need help figuring out how to go about it. This is mostly because it often requires interacting with multiple protocols across different chains, and cross-chain swaps are not much better.
It also involves bridges, repetitive approval processes, and several transactions that must be executed in the correct order.
With the yield hub, users can focus on outcomes while Veera handles the complexity behind the scenes.
Veera’s one-click cross-chain swaps achieve a similar objective but take the simplification process one step further by getting rid of one of the most persistent sources of friction in DeFi today. It will replace the traditional financial infrastructure with a single action that executes swaps across chains and protocols, all without needing users to be conversant with the underlying steps and complications.
“Our goal was to make cross-chain movement feel as natural as moving money between accounts, without asking users to become experts in how it works. A bank doesn’t ask that of its customers so why should crypto transactions? We’ve overcome this hurdle for all our users,” Bhogal said.
Veera hits $10M funding milestone
Veera’s new DeFi features come days after it raised a total of $10 million across its pre-seed and seed funding rounds to accelerate product development and expand access to on-chain financial services globally.
Its most recent seed round of $4 million included $2.8 million from CMCC Titan Fund and Sigma Capital, alongside strategic angel investors. It comes after a $6 million pre-seed round completed in May 2024, led by 6th Man Ventures and Ayon Capital, with participation from Folius Ventures, Reflexive Capital, Sfermion, Cypher Capital, Accomplice, and The Operating Group.
Veera’s official product made its debut in January 2025 but has not stopped rolling out new features. Since its launch, the platform has crossed 2 million downloads, supports over 300,000 multichain self-custody wallets, and has 70,000 holders of its RWA Gold Token (VGT).
The platform reportedly sees approximately 220,000 monthly active users and 20,000 daily active users at its current level and the activity is driven by proof-of-human–verified users interacting with real transactions and partner decentralized applications (dApps).
Over the past year, Veera has scaled to 500,000+ on-chain transactions per month, reflecting sustained on-chain usage rather than speculative activity. Those are great achievements for a startup that was initially launched as a privacy-focused Web3 browser before it transitioned into a fully fledged financial platform.
[ad_2]
Source link