OneBalance has secured $20 million in Series A funding to accelerate development of its Ethereum-based cross-chain transaction toolkit. The investment round was co-led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV.
The funding will drive enhancements to OneBalance’s interoperability solution, which enables one-click cross-chain asset transfers and interactions. The toolkit aims to address blockchain ecosystem fragmentation by simplifying decentralized web connectivity for users and developers.
Proceeds will expand OneBalance’s technical team and improve toolkit functionality, prioritizing usability and security features critical for mainstream adoption. Investor participation signals strong market confidence in OneBalance’s approach to resolving interoperability challenges across DeFi and Web3 applications.
Security and adoption hurdles remain focal points for the project. OneBalance plans to broaden chain compatibility and refine integration capabilities to overcome these obstacles while maintaining compliance standards.