OneBalance raises $20m to simplify crypto UX with ‘chain-free’ toolkit

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, along with ex-Coinbase engineer Ankit Chiplunkar.

The round also included 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 addresses 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 aims to eliminate this complexity through its new Toolkit powered by “Resource Locks” — a technology that allows developers to build apps that operate 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 alike.

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 noted.

OneBalance’s approach hinges on abstracting user balances across chains into a single “spendable” balance. Users no longer need to hold native gas tokens, as fees are paid using the tokens being transacted.