Bringing compliance to the vault layer of DeFi

The Problem

Veda, the leading DeFi vault primitive, was scaling quickly across partners, chains, and vault strategies, holding billions in TVL and onboarding new counterparties at high velocity. But the pace of growth had outpaced its compliance framework. The team needed a scalable way to evaluate and onboard partners, screen vaults and wallet activity, and surface AML/sanctions exposure across the ecosystem. Existing processes were largely manual, inconsistent across teams, and not documented in a central system. This created risk around sanctions exposure, incomplete KYC, weak escalation paths, and lack of formal reporting to leadership and the Board. Without a standardized, technology-backed program, Veda faced regulatory and reputational risk as it continued to expand.

The Solution

Canaria partnered with Veda to build and operationalize an institutional-grade compliance program, combining policy design, screening workflows, and CryptoComply, Canaria's AI-powered due diligence and monitoring platform. Working alongside Veda's leadership, Canaria helped Veda:

• Build a complete compliance program and risk policy library from scratch
• Design and implement a risk-based onboarding flow for partners inside CryptoComply
• Migrate and remediate existing partners into CryptoComply, including review of historical counterparties
• Stand up due diligence workflows for partner screening, including KYC, sanctions, and ongoing monitoring
• Implement vault screening and monitoring using a tailored Chainalysis-based risk configuration
• Create a centralized, auditable vault repository and reconcile active/inactive/deprecated vaults
• Establish an internal escalation path for high-risk partners and alerts
• Deliver formal Board-level reporting and a process for unusual activity reporting (UAR)
• Deliver customized compliance training tied to Veda's actual vault operations and risk profile

By anchoring all onboarding, screening, review notes, and decisions in CryptoComply, Veda gained a repeatable process for evaluating counterparties and vaults, and a system of record for every compliance action.

The Results

With CryptoComply integrated into daily operations, Veda now runs a structured, defensible compliance function that can keep pace with its growth. Partner onboarding and vault screening, previously fragmented across spreadsheets, chats, and institutional memory, is now risk-scored, documented, and reviewable. Historical partners were migrated, remediated, or deprecated. High-risk activity is escalated through an internal process instead of being handled ad hoc. The Board now receives formal reporting on AML/sanctions exposure, and staff have clear procedures and training.

• Scalable compliance program supporting enterprise-grade DeFi operations
• Unified onboarding, screening, and documentation within one intelligent platform
• Faster, more consistent decision-making with AI-generated insights
• Clear governance and escalation paths for high-risk cases
• Strengthened Board reporting and ongoing oversight