OneBalance

High-Level Overview

OneBalance is a technology company that provides a chain abstraction toolkit designed for Web3 developers to build seamless cross-chain decentralized applications (dApps) across multiple blockchains, including EVM-compatible chains, Solana, and Bitcoin. Its core innovation, called Resource Locks, enables asynchronous transaction execution, allowing transactions to run in parallel rather than sequentially, which significantly improves speed, reliability, and user experience. This toolkit abstracts away the complexity of managing multiple wallets, chains, and bridging infrastructure, enabling developers to deliver one-click, gas-abstracted, and near-instantaneous cross-chain operations. OneBalance primarily serves Web3 developers, fintech firms, wallets, and DeFi platforms aiming to simplify and unify the fragmented blockchain user experience[1][2][3][6].

Origin Story

Founded in 2024 and legally registered in the Cayman Islands, OneBalance was created by infrastructure veterans Stephane Gosselin (CEO), Daniel Worsley, and Ankit Chiplunkar, who bring deep expertise from projects like Flashbots and Coinbase. The idea emerged from the need to solve crypto’s fragmented on-chain user experience, especially as stablecoins and tokenized assets grow in adoption. Early traction includes a $20 million Series A funding round led by cyber•Fund and Blockchain Capital, with participation from Mirana Ventures and L2IV. The company has already demonstrated instant native Bitcoin to EVM swaps and is expanding support to Solana and other networks[2][3][4].

Core Differentiators

• Resource Locks Technology: Enables asynchronous, parallel transaction execution, reducing latency and improving reliability compared to traditional sequential cross-chain transactions.
• Chain Abstraction APIs: Provides a unified interface for developers to interact with multiple blockchains (EVM, Solana, Bitcoin) without building complex bridging infrastructure.
• Gas Abstraction: Users do not need to hold native tokens for gas fees on destination chains, simplifying user onboarding and interaction.
• One-Click User Experience: Simplifies cross-chain operations for end-users, abstracting away blockchain complexities such as multiple wallets and bridges.
• Integration with Wallet-as-a-Service Providers: Seamless integration with providers like Privy and Turnkey enhances wallet management and transaction signing.
• Developer-Focused: Offers SDKs and APIs that reduce development time and costs while maintaining security and speed[1][2][3][6].

Role in the Broader Tech Landscape

OneBalance rides the growing trend of cross-chain interoperability and the increasing adoption of stablecoins and tokenized assets, which demand seamless, user-friendly blockchain experiences. The timing is critical as users expect Web2-level simplicity in Web3 applications, but the current ecosystem is fragmented by multiple chains, wallets, and bridges. OneBalance’s chain-agnostic approach and Resource Locks technology address these market forces by enabling faster, more reliable, and cost-effective cross-chain interactions. This innovation not only improves developer productivity but also enhances user retention and adoption, influencing the broader ecosystem by pushing toward mainstream crypto and fintech integration[2][3][6].

Quick Take & Future Outlook

Looking ahead, OneBalance aims to expand its chain coverage beyond EVM, Bitcoin, and Solana, grow its developer base through SDK releases, and deepen integrations with wallet-as-a-service providers. The company is positioning itself to make cross-chain operations invisible to end-users, facilitating crypto utility in traditional financial services and mainstream fintech. As blockchain adoption grows, OneBalance’s technology could become foundational infrastructure for seamless multi-chain experiences, shaping the future of decentralized finance and Web3 usability[3].

In summary, OneBalance is redefining the cross-chain user experience by removing complexity for developers and users alike, enabling a future where blockchain interactions are as simple and reliable as traditional financial transactions.