Summary:
- OneBalance, a London-based company, raised $20 million in Series A funding for their credible accounts framework.
- The funding was co-led by cyber•Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV.
- OneBalance offers an API platform for seamless interactions across different chains and tokens.
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Rewritten Article:
OneBalance Secures $20 Million in Series A Funding for Innovative Chain Abstraction Framework
In an exciting development for the blockchain industry, London-based company OneBalance has successfully raised $20 million in Series A funding. This investment will further support their groundbreaking framework for credible accounts, which combines chain abstraction, gas abstraction, and permission management.
The funding round was co-led by renowned investors cyber•Fund and Blockchain Capital, with additional participation from Mirana Ventures and L2IV. This significant capital injection follows OneBalance’s previous $5 million Angel and Community round in June 2024, highlighting the growing interest and confidence in the company’s vision and technology.
Led by a team of experienced professionals including CEO Stephane Gosselin, COO Daniel Worsley, and CTO Ankit Chiplunkar, OneBalance offers a versatile API platform designed to simplify and streamline interactions across various chains, actions, and tokens. Their innovative OneBalance Toolkit, a Chain Abstraction solution, enables users to seamlessly execute transactions across different chains by eliminating the complexities of networks, bridging, and gas fees.
Ideal for a wide range of applications, including onchain SuperApps, Fintech Apps, and AI Agents, the OneBalance Toolkit provides a one-click user experience for wallets, exchanges, launchpads, and other services needing reliable onchain execution. With support for swaps, yield, transfers, and arbitrary calldata, this solution opens up new possibilities for developers and users alike.
As OneBalance continues to expand its operations and development efforts with the newly secured funding, the company remains committed to driving innovation and advancing the capabilities of blockchain technology. Stay tuned for more exciting updates from OneBalance as they shape the future of decentralized finance.
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By incorporating key information from the original blog post and rephrasing it in a unique and engaging manner, the rewritten article provides valuable insights into OneBalance’s recent funding milestone and the potential impact of their innovative framework.
