Vector space models for symbolic processing that encode symbols by random vectors have been proposed in cognitive science and connectionist communities under the names Vector Symbolic Architecture (VSA), and, synonymously, Hyperdimensional (HD) computing [22, 31, 46]. In this paper, we generalize VSAs to function spaces by mapping continuous-valued data into a vector space such that the inner product between the representations of any two data points approximately represents a similarity kernel. By analogy to VSA, we call this new function encoding and computing framework Vector Function Architecture (VFA). In VFAs, vectors can represent individual data points as well as elements of a function space (a reproducing kernel Hilbert space). The algebraic vector operations, inherited from VSA, correspond to well-defined operations in function space. Furthermore, we study a previously proposed method for encoding continuous data, fractional power encoding (FPE), which uses exponentiation of a random base vector to produce randomized representations of data points and fulfills the kernel properties for inducing a VFA. We show that the distribution from which components of the base vector are sampled determines the shape of the FPE kernel, which in turn induces a VFA for computing with band-limited functions. In particular, VFAs provide an algebraic framework for implementing large-scale kernel machines with random features, extending [51]. Finally, we demonstrate several applications of VFA models to problems in image recognition, density estimation and nonlinear regression. Our analyses and results suggest that VFAs constitute a powerful new framework for representing and manipulating functions in distributed neural systems, with myriad potential applications in artificial intelligence.