OneBalance, a London-based crypto software program firm, has raised $20 million in a Sequence A led by enterprise capital corporations cyber•Fund and Blockchain Capital, the corporate introduced on Wednesday. The spherical included participation from Mirana Ventures and L2IV and brings the corporate’s whole funding to $25 million. OneBalance declined to reveal its valuation on this spherical.
OneBalance, based in 2024, goals to construct software program that may make it attainable for non-crypto native software program engineers to construct purposes that use crypto, CEO Stephane Gosselin informed Fortune. The corporate’s predominant product, which launched on Wednesday, is a toolkit—a group of software program instruments and libraries—that lets builders combine into purposes the flexibility to commerce memecoins, swap tokens, and facilitate peer-to-peer funds, amongst different issues.
“They [developers] can focus on their product and how to create the user experience, while having a reliable way to do transfers, swaps and earning yield,” Gosselin mentioned.
With an rising variety of non-crypto firms—together with Meta and Google—contemplating integrating stablecoins in some method, Gosselin says software program like his will make it simpler for firms so as to add blockchain know-how to their providers.
“They don’t necessarily know how to be able to execute reliability on-chain and the last thing they want to do is start to expose a lot of that complexity to their users,” Gosselin mentioned.
The toolkit launched with assist for Ethereum, Polygon, and different ethereum-virtual machine blockchains. OneBalance will introduce assist for Solana on the finish of this month, the corporate mentioned.
OneBalance will cost a price on every transaction processed by a platform that integrates the toolkit, Gosselin mentioned. “We want to make money when our customers make money,” Gosselin mentioned. “If our customers decide to monetize and to do this with us, then we will keep a small fee on top of that.”
OneBalance is amongst numerous crypto firms looking for to make utility growth easier. Reown and Privy, for example, each supply normal developer kits, or SDKs, that purpose to make it simpler for engineers to combine crypto pockets performance into their purposes. One other instance is Helius, a developer platform centered on eliminating complexities for utility engineers making an attempt to construct on the Solana blockchain.
Gosselin says his firm will use the cash raised on this spherical to increase the capabilities of its flagship product by integrating performance for added blockchains.
This story was initially featured on Fortune.com
