OneBalance raises $20 million in Series A funding, led by Cyber Fund and Blockchain Capital

According to The Block, cross chain infrastructure company OneBalance announced the completion of a $20 million Series A funding round led by Cyber Fund and Blockchain Capital, raising a total of $25 million. The funds will be used to expand the team and expand the core product Toolkit functionality, which simplifies user asset transfer and revenue operations across multiple chains without the need for manual handling of bridging and gas fees. OneBalance is led by Stephane Gosselin, co-founder of Flashbots, with the goal of providing a seamless "one click cross chain" experience for stablecoin users.