वसनात्सर्वभूतानां वसुत्वाद्देवयोनितः ।वासुदेवस्ततो ज्ञेयो योगिभिस्तत्त्वदर्शिभिः ॥
In plain words
He dwells in every being and so covers them all; He is Vasu, and He is the womb the gods themselves come out of. For all this, the yogins who see what is actually there know Him as Vāsudeva.
Close to the Sanskrit
From dwelling in all beings, from being Vasu, from being the womb of the gods — therefore He is to be known as Vāsudeva by yogins who see reality.