OneBalance, a brand new developer platform designed to eradicate cross-chain UX friction, has raised $20 million within the Collection A spherical, the corporate stated in a press launch Wednesday.
The spherical was led by Cyber•Fund and Blockchain Capital with assist from Bybit's Mirana Ventures and L2IV, the corporate stated.
OneBalance was based by Flashbots core contributors. It’s an Ethereum-centric R&D startup and former Coinbase (Coin) engineer with the purpose of eradicating the adverse impression of the utmost extractable worth (MEV).
OneBalance Toolkit gives builders one-click entry to chain-wide transfers, swaps and yields, and already helps swaps from native Bitcoin to EVM, with Solana integration coming quickly.
“There's a lot progress within the Stablecoin world, and it brings lots of people on-chain, however they're not from crypto, and their expectations are to do one-click operations,” Stephane Gosselin, CEO and co-founder of OneBalance, stated in an interview.
“Up to now, there was no approach to construct a product that will permit that,” he added.
Early one-balance companions embrace DSX, Vooi, Spritz, and Nuvolari.
The most recent funding will observe the 2024 $5 million Angel Spherical, adopted by participation from Consensy, Wintermute, Anagram and Coby.
