OneBalance, a new developer platform focused on simplifying crypto's fragmented user experience, has raised $20 million in a Series A funding round.

The round was led by cyber•Fund and Blockchain Capital, according to a release shared with crypto.news. The company was founded by Flashbots core contributors Stephane Gosselin and Daniel Worsley

OneBalance, a new developer platform focused on simplifying crypto’s fragmented user experience, has raised $20 million in a Series A funding round.

The round was led by cyber•Fund and Blockchain Capital, part of a release shared with crypto.news. The company was founded by Flashbots core contributors Stephane Gosselin and Daniel Worsley, plus ex-Coinbase engineer Ankit Chiplunkar.

The round also saw participation from Bybit’s Mirana Ventures and L2IV, following a $5 million angel round in 2024 backed by investors from Consensys, Wintermute, and prominent crypto figures.

OneBalance aims to solve a longstanding issue in crypto: the user experience of interacting across multiple blockchains. Traditionally, users must navigate wallets, bridges, and gas fees across different chains.

OneBalance says it eliminates this complexity through its new Toolkit powered by “Resource Locks” — a technology that allows developers to build apps operating across chains with one-click actions.

Seamless interactions without chain knowledge

According to CEO Stephane Gosselin, OneBalance enables developers and fintechs to offer seamless interactions — sending, swapping, or earning yield — without users needing to know which chain they’re on or manage bridging and gas.

“We’ve rethought blockchain development from the node up,” said Gosselin, adding that the platform maximizes value for users rather than enabling retail extraction.

The key innovation, Resource Locks, improves on traditional cross-chain methods by parallelizing execution instead of waiting for sequential confirmations. This unlocks 40% faster transactions and simplifies the underlying complexity for users and developers.

OneBalance has already demonstrated native Bitcoin-to-EVM swaps and plans to support Solana and other networks shortly. The Toolkit has been tested in a closed beta with early partners such as DSX, Vooi, Spritz Finance, and Nuvolari.

Vasiliy Shapovalov of cyber•Fund said the firm doubled down after seeing how Resource Locks could unify fragmented userbases and liquidity across chains.

“OneBalance isn’t only fixing UX—it’s extending crypto’s network effects,” he added.

OneBalance’s approach is to abstract user balances across chains into a single “spendable” balance. Users aren’t required to hold native gas tokens, with transaction fees being paid using the tokens being transacted.