The cross-chain infrastructure development firm OneBalance raised $20 million in Series A financing, bringing its total funding to date to $25 million.
Cyber Fund and Blockchain Capital led the round, which saw additional support from Mirana Ventures and L2IV. As part of the investment, Blockchain Capital general partner Spencer Bogart has joined OneBalance’s board of directors, the company confirmed to The Block.
OneBalance aims to improve the user experience of web3 products through its cross-chain integration product, Toolkit. The product allows developers to enable seamless cross-chain transactions for users — such as transferring assets or earning yield — without requiring them to monitor bridges or gas fees. The firm plans to use its $20 million financing to increase its employee headcount and to expand the functionality of its Toolkit product.
“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 CEO and co-founder Stephane Gosselin said in a statement. “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 maximize value creation for users instead of the status quo of retail extractable value.”
OneBalance’s leadership includes its co-founder and CEO, Stephane Gosselin, who also co-founded Flashbots, a research and development organization aiming to mitigate the deleterious effects of maximum extractible value (MEV) on blockchain technology. Daniel Worsley, the former operations lead at Flashbots, now serves as OneBalance’s COO, and Ankit Chiplunkar, a former Coinbase smart contract engineer, is OneBalance’s CTO.
In June 2024, OneBalance raised $5 million in seed funding with participation from Consensys, Wintermute, Cobie, and others.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
