OneBalance Secures $20 Million in Series A Funding Round

The developer platform aims to streamline cross-chain interactions for non-crypto native users, enhancing the overall blockchain experience.

BTC

SOL

183d ago

Summary

OneBalance has raised $20 million in a Series A funding round led by Cyber Fund and Blockchain Capital, increasing its total funding to $25 million. The platform focuses on eliminating cross-chain user experience friction with its Toolkit, which enables one-click operations for transfers, swaps, and yield across chains. The Toolkit currently supports Bitcoin-to-EVM swaps, with Solana integration forthcoming. OneBalance's initiatives are designed to attract non-crypto native users by simplifying blockchain interactions, addressing vulnerabilities in cross-chain transactions.

Terms & Concepts

Resource Locks: A technology that allows developers to build applications that operate across multiple blockchains with one-click actions, improving transaction speed and user experience.
cross-chain infrastructure: Technologies and protocols that enable interoperability between different blockchain networks, allowing seamless interactions and transactions.