The cross-chain infrastructure growth agency OneBalance raised $20 million in Sequence A financing, bringing its whole funding to this point to $25 million.
Cyber Fund and Blockchain Capital led the spherical, which noticed further assist from Mirana Ventures and L2IV. As a part of the funding, Blockchain Capital normal accomplice Spencer Bogart has joined OneBalance’s board of administrators, the corporate confirmed to The Block.
OneBalance goals to enhance the person expertise of web3 merchandise by means of its cross-chain integration product, Toolkit. The product permits builders to allow seamless cross-chain transactions for customers — comparable to transferring belongings or incomes yield — with out requiring them to watch bridges or gasoline charges. The agency plans to make use of its $20 million financing to extend its worker headcount and to increase the performance of its Toolkit product.
“Stablecoins are rapidly changing financial institution accounts and bringing thousands and thousands of customers onchain. They anticipate pleasant experiences, not a maze of chains, wallets, bridges to navigate by means of to finish probably the most fundamental actions,” OneBalance CEO and co-founder Stephane Gosselin stated in a press release. “OneBalance fixes this by providing easy one-click experiences for any chain, any motion and any token with unmatched pace, reliability, and price. We have rethought blockchain growth from the node as much as maximize worth creation for customers as an alternative of the established order of retail extractable worth.”
OneBalance’s management contains its co-founder and CEO, Stephane Gosselin, who additionally co-founded Flashbots, a analysis and growth group aiming to mitigate the deleterious results of most extractible worth (MEV) on blockchain expertise. Daniel Worsley, the previous operations lead at Flashbots, now serves as OneBalance’s COO, and Ankit Chiplunkar, a former Coinbase sensible contract engineer, is OneBalance’s CTO.
In June 2024, OneBalance raised $5 million in seed funding with participation from Consensys, Wintermute, Cobie, and others.
Disclaimer: The Block is an unbiased media outlet that delivers information, analysis, and information. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in different firms within the crypto area. Crypto change Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto business. Listed below are our present monetary disclosures.
© 2025 The Block. All Rights Reserved. This text is supplied for informational functions solely. It’s not supplied or supposed for use as authorized, tax, funding, monetary, or different recommendation.