OneBalance Secures $20 Million to Enhance Crypto Experience
OneBalance,a revolutionary platform aimed at simplifying crypto’s often confusing user experience,has scored $20 million in a Series A funding round. Cyber•Fund and Blockchain Capital headed this investment,as per a statement shared with crypto.news.
The founders of OneBalance include Stephane Gosselin and Daniel Worsley, both from Flashbots, alongside Ankit chiplunkar, a former Coinbase engineer. The latest funding follows a previous $5 million angel round, supported by Consensys, Wintermute, and other crypto leaders in 2024.
At its core, OneBalance solves a major crypto problem: cumbersome navigation across multiple blockchains. Users usually struggle with wallets, bridges, and gas fees. Now, OneBalance’s Toolkit, powered by “Resource Locks,” brings simplicity, enabling one-click actions across different chains.
Resource Locks revolutionizes cross-chain transactions. It executes processes simultaneously rather than sequentially, making transactions 40% faster.CEO Stephane Gosselin highlights: “We’ve revamped blockchain development to benefit users, not exploit them.”
OneBalance has already integrated Bitcoin-to-EVM swaps and plans to support Solana soon. Its Toolkit, currently in closed beta, has involved partners like DSX and Vooi. Cyber•Fund’s Vasiliy Shapovalov believes OneBalance extends crypto’s network effects. By merging user balances across chains, it abstracts the need for native gas tokens.
