Singapore and Bangalore based cryptocurrency based lending platform Vauld, has raised $2 million in a new funding round. Also registered as a decentralized finance (DeFi) platform, Vauld’s current capital raise comes from a clutch of investors including Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos Capital and LuneX Ventures. The round also saw participation from Robert Leshner- and TaunChitra-managed Robot Ventures, CoinShares, Better Capital, New Form Capital, and IntoTheBlock CEO Jesus Rodrigues.

Founded in 2018, Vauld had earlier received $500k in a funding round from Singapore’s LuneX Ventures, as well as a few India-based angel investors in June. Founded by seasoned entreprneurs DarshanBathija and Sanju Sony Kurian,Vauldallows users to lend various cryptocurrencies and earn interest on them.

According to a company statement, the fresh infusion of capital to expand from being an India-focused crypto platform to a holistic DEFI platform which now also includes payments, credit and trading.DarshanBathija, Co-Founder, Vauld said, “We also look forward to closely working with the commodities and banking regulators in the country and ensure our partners are and remain fully compliant through the changing regulatory landscape”.

He also welcomes the movement of institutional capital into India’s fintech ecosystem with the expectation of banking integrations that complement existing crypto credit offerings.

Speaking about Vauld’s vision, Paul Veradittakit, Partner, Pantera Capital said, “Vauld’s vision is to make cryptocurrency the preferred instrument of banking by making it simple to use and interoperable with the current banking infrastructure”.