On June 11, 2025, OneBalance, a developer platform for multichain applications, announced the successful closing of a $20 – million Series A funding round. The round was led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures of Bybit and L2IV. This financing follows a $5 – million angel and community round in June 2024, bringing the total funds raised to $25 million so far.
OneBalance was co – founded by veterans from Flashbots and Coinbase. Its founding team has deep expertise in blockchain infrastructure. The company aims to solve the fragmented user experience issue in the crypto industry with its toolkit technology. This technology enables users to transfer, swap, or earn yield with just one click, without having to worry about the underlying network, bridging funds, or managing gas tokens.
The $20 – million investment will be used to expand the team and enhance the functionality of its cross – chain integration product, Toolkit. OneBalance plans to expand chain coverage, with Solana launching in Q3 2025 and more chains to follow. It also aims to grow its developer base through SDK releases and integrations with wallet – as – a – service firms. In the future, OneBalance hopes to enter the mainstream fintech field, making cross – chain operations invisible to end – users and enabling the application of crypto in traditional financial services.
Cyber Fund’s co – founder Vasiliy Shapovalov emphasized that the fragmented user experience and liquidity across chains are major obstacles to crypto adoption. He believes that OneBalance can make wallets and apps more user – friendly, meeting the expectations of mainstream users. Spencer Bogart from Blockchain Capital described OneBalance as uniquely capable of closing the infrastructure gap between the current systems and the future user – friendly on – chain experiences.
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