OneBalance lands $20M to simplify crypto for developers

OneBalance raised $20 million to launch a developer toolkit enabling one-click crosschain crypto transactions, aiming to fix fragmented UX and boost app conversions.

OneBalance, a developer platform for multichain applications, has closed a $20 million Series A funding round to streamline the crypto user experience (UX) for developers and fintechs.

The $20 million investment round was led by cyber•Fund and Blockchain Capital, with participation from Bybit’s Mirana Ventures and L2IV. 

Founded by an ex-Coinbase engineer and core contributors from Flashbots, OneBalance aims to solve the crypto industry’s fragmented UX issue with its Toolkit technology, which it claims enables users to transfer, swap or earn yield in just one click, without needing to worry about the underlying network, bridging funds or managing gas tokens. 

Read more