OneSafe

OneSafe is a financial technology company that provides neo-banking services to global businesses operating across traditional finance and digital assets. Rather than holding a bank charter, OneSafe partners with licensed banking institutions to deliver accounts, payments, and crypto services through a single, unified platform — offering the programmability of crypto infrastructure combined with the compliance requirements of a regulated business account.

The Problem OneSafe Solves

For Web3 companies, DAOs, and internationally operating startups, managing money across fiat and crypto has traditionally meant maintaining a patchwork of separate relationships: a traditional business bank account, a crypto exchange for conversions, and a custody provider for digital assets. That fragmentation adds friction, costs, and operational overhead. OneSafe collapses these into one account, allowing businesses to receive, hold, convert, and spend both fiat and crypto through a single interface.

How It Works

At the core of OneSafe is a unified business account that integrates a 24/7 built-in crypto exchange, on/off-ramp functionality, and standard banking rails. Businesses can hold and transact in USD, EUR, CAD, BRL, MXN, GBP, and COP alongside major cryptocurrencies and stablecoins, with instant conversion between them.

Supported digital assets include Bitcoin, Ethereum, USDC, and USDT, with the platform accepting crypto across multiple networks including Ethereum, Polygon, Solana, and Avalanche. Fiat settlements happen through standard ACH transfers, domestic wire transfers, and international wire transfers. OneSafe covers gas fees on behalf of users — meaning businesses send the full amount they intend to send without network costs being deducted on the receiving end.

Corporate cards with customizable spend limits round out the core offering, enabling teams to deploy funds directly from the OneSafe account balance.

Solana Integration

Solana is one of the blockchain networks natively supported for crypto payments and settlements on OneSafe. Businesses that receive USDC or USDT on Solana can have those funds settle into their OneSafe account and convert immediately to fiat currencies, or retain them as stablecoins. OneSafe has published extensively about Solana's role in cross-border payments, describing how Solana's speed and low transaction costs reduce foreign exchange friction for businesses routing international payroll and vendor payments through crypto rails.

Security and Custody

Digital asset custody on OneSafe is handled through Fireblocks, an institutional-grade custody and transfer infrastructure provider widely used by exchanges, neobanks, and asset managers. Multi-factor authentication is enforced on all user accounts at signup. OneSafe also maintains KYB (Know Your Business) compliance during onboarding, which typically takes about one week to complete.

OneSafe is explicit that it is not a bank: "OneSafe is a financial technology company, not a bank. Banking services provided by OneSafe's partners." Banking services are provided through regulated partner institutions rather than directly by OneSafe, a common structure among fintech companies operating in regulated markets.

Target Customers and Availability

OneSafe targets Web3 startups, DeFi projects, DAOs, and globally distributed businesses that deal in both fiat and digital assets. The platform is available to companies in more than 30 countries, with dedicated onboarding pages for the US, UK, UAE, Germany, India, the Philippines, and other markets. Access is restricted in OFAC-sanctioned countries and certain US states.

The platform advertises no monthly subscription fees and unlimited transactions, operating on a model where fees are taken at the point of conversion or transaction rather than as a recurring account cost.

Company Background

OneSafe was founded in 2021 and is headquartered in Miami, Florida, with a Delaware registered entity. The company was co-founded by Chris Shei, who serves as CEO and previously worked at Near Protocol and OpenZeppelin, and Brian Ko, who serves as CTO. The company has received backing from Soma Capital and First Round Capital, though specific round amounts have not been publicly disclosed.

As of late 2024, OneSafe employed a small team, consistent with an early-stage fintech startup focused on product development and geographic expansion.

Traction and Metrics

OneSafe reports having processed more than $800 million in transaction volume, onboarded more than 1,000 businesses, and expanded operations to more than 30 countries. Accounts can be opened in as little as ten minutes, with full onboarding typically completed within a week given KYB verification requirements.

Fit in the Solana Ecosystem

OneSafe participates in the Solana ecosystem as an on/off-ramp and business banking layer for companies that receive or disburse funds on Solana — particularly for stablecoin transactions in USDC and USDT on the Solana network. For Web3 companies building on Solana, OneSafe provides a path to move funds between on-chain activity and traditional corporate accounts without spinning up a separate exchange relationship. Its support for Solana alongside other major chains positions it as a chain-agnostic business banking tool that treats Solana as a first-class settlement network alongside Ethereum, Polygon, and Avalanche.