UK-based developer platform OneBalance has raised $20 million in a Series A round to solve one of crypto’s biggest problems - fragmented onchain user experience. The round was led by cyber•Fund and Blockchain Capital, with participation from Mirana Ventures (Bybit) and L2IV.
Founded by infrastructure veterans Stephane Gosselin and Daniel Worsley (core contributors to Flashbots), and Ankit Chiplunkar (ex-Coinbase smart contract engineer), OneBalance brings deep expertise in onchain infrastructure.
Stephane Gosselin, co-founder and CEO of OneBalance, said:
Stablecoins are quickly replacing bank accounts and bringing millions of users onchain. They expect delightful experiences, not a maze of chains, wallets, bridges to navigate through to complete the most basic actions.
OneBalance fixes this by offering simple one-click experiences for any chain, any action and any token with unmatched speed, reliability, and cost. We've rethought blockchain development from the node up to maximise value creation for users instead of the status quo of retail extractable value.
Introducing the OneBalance Toolkit
At the core of the platform is the OneBalance Toolkit, powered by new “Resource Locks” technology, which allows developers and fintechs to access any token on any blockchain through a single, simple integration.
Traditional cross-chain transactions are slow and unreliable, as each step must be completed before the next begins. OneBalance’s Resource Locks solve this by allowing transactions to run in parallel, making them 40 per cent faster and more reliable.
As stablecoins and tokenized assets grow, poor cross-chain user experience has become a major issue. OneBalance solves this by creating a chain-agnostic system that allows seamless and dependable interactions across all blockchains.
Spencer Bogart, general partner at Blockchain Capital, comments:
In our years investing in crypto, only a few companies have had the potential to transform how the industry works. OneBalance is one of them. The team has a track record of turning technical depth into breakthrough products, with Resource Locks representing the most complete expression of their approach to date. Through Resource Locks, distributed via the OneBalance Toolkit, OneBalance is abstracting away technical barriers, enabling onchain apps to offer simple, one-click experiences. For the first time, the infrastructure gap that has long held back mainstream onchain adoption no longer exists.
The OneBalance Toolkit has already proven instant native Bitcoin to EVM swaps, with Solana and other networks launching in the coming weeks.
Would you like to write the first comment?
Login to post comments