OneBalance, a new developer platform designed to eliminate cross-chain UX friction, has raised $20 million in the Series A round, the company said in a press release Wednesday.
The round was led by Cyber•Fund and Blockchain Capital with support from Bybit’s Mirana Ventures and L2IV, the company said.
OneBalance was founded by Flashbots core contributors. It is an Ethereum-centric R&D startup and former Coinbase (Coin) engineer with the aim of removing the negative impact of the maximum extractable value (MEV).
OneBalance Toolkit offers developers one-click access to chain-wide transfers, swaps and yields, and already supports swaps from native Bitcoin to EVM, with Solana integration coming soon.
“There’s so much growth in the Stablecoin world, and it brings a lot of people on-chain, but they’re not from crypto, and their expectations are to do one-click operations,” Stephane Gosselin, CEO and co-founder of OneBalance, said in an interview.
“To date, there has been no way to build a product that would allow that,” he added.
Early one-balance partners include DSX, Vooi, Spritz, and Nuvolari.
The latest funding will follow the 2024 $5 million Angel Round, followed by participation from Consensy, Wintermute, Anagram and Coby.