OneBalance, a London-based blockchain company focused on simplifying cross-chain user experiences for stablecoins and cryptocurrencies, has raised $20 million in a Series A funding round. The round was co-led by Cyber Fund and Blockchain Capital, with additional participation from Mirana and L2 Iterative. OneBalance offers a framework for creating and managing credible accounts and aims to deliver one-click user experience for blockchain transactions through its chain abstraction APIs and a proprietary "Resource Locks" technology that accelerates transactions by 40%. Separately, Chainlink, JPMorgan's Kinexys, and Ondo Finance have completed the first cross-chain delivery-versus-payment (DvP) settlement between a permissioned payment network and a public real-world asset (RWA) blockchain. This collaboration connects bank settlement infrastructure to the Ondo Chain, enabling institutional clients to purchase Ondo's tokenized treasuries, with Chainlink supporting secure integration. The partnership highlights the growing integration of traditional financial systems with blockchain technology, leveraging over $23 billion in tokenized RWAs on public chains.
🔥 NEW: Chainlink, JPMorgan’s Kinexys & Ondo Finance complete first crosschain DvP settlement between a permissioned payment network and a public RWA blockchain. https://t.co/toYffDkRuZ
[COINTELEGRAPH] Chainlink, JPMorgan, Ondo Finance complete crosschain treasury settlement $LINK $ONDO $JPM
ICYMI: Ondo Finance, @Chainlink, and Kinexys by @JPMorgan teamed up to connect bank settlement infrastructure to Ondo Chain. https://t.co/Q7dKUVO3Tf