PANews reported on June 12 that according to The Block, cross-chain infrastructure company OneBalance announced the completion of a $20 million Series A round led by Cyber Fund and Blockchain Capital, bringing the total financing to $25 million. The funds will be used to expand the team and expand the core product Toolkit, which simplifies asset transfers and revenue operations between multiple chains for users without the need to manually handle bridges and Gas fees. OneBalance is led by Flashbots co-founder Stephane Gosselin, and its goal is to provide stablecoin users with a seamless "one-click cross-chain" experience.