Crossmint, the all-in-one platform for companies building onchain, announced the successful completion of a $23.6 million funding round led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. The funding follows a year of explosive growth, with Crossmint’s subscription revenue increasing by 1,100% in 2024.
Crossmint gives companies everything they need to build blockchain applications in a few lines of code—from wallets and tokenization to onramps and payments. What sets Crossmint apart is how it completely removes blockchain complexity for businesses and users: companies don’t need blockchain engineers or cryptocurrency holdings and can work with a single vendor instead of orchestrating multiple solutions. For end users, the experience mirrors the traditional web with familiar features like FaceID and email sign-ups, while eliminating gas fees and other friction points.
Today, over 40,000 companies and developers use Crossmint, including global brands like Adidas and Red Bull. Crossmint’s platform is being adopted across industries and by organizations of all sizes, from startups to Fortune 500 enterprises, to bring their businesses onchain.
“We’re seeing adoption across every sector,” said Rodri Fernandez, co-founder of Crossmint. “Publicly traded fintechs use Crossmint to incorporate stablecoins, launch new financial products globally, and reduce costs. Fortune 500 companies are building product passports to prevent counterfeiting and provide supply chain transparency, and one of the world’s largest banks is developing an interoperable rewards program. At the same time, a new generation of startups is using Crossmint to build applications in days instead of months—disrupting existing markets at unprecedented speed.”
Also Read: IoTeX Adds Xangle as Validator to Boost DePIN Growth
Beyond human users, Crossmint is also building a framework for AI agent-driven commerce. With AI agents projected to facilitate an increasing portion of the $6.8 trillion global e-commerce spending—making purchases on behalf of consumers—Crossmint provides wallets, payments, and credential APIs for these agents to securely hold funds, trade assets, and purchase goods and services. To further support AI adoption onchain, Crossmint maintains GOAT SDK, the most downloaded open-source library for AI agents interacting with blockchain protocols, with 150,000 downloads in the past two months.
“AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling,” said Alfonso Gomez-Jordana, co-founder of Crossmint. “Traditional payment systems weren’t designed for AI agents—but blockchain is. Crossmint is building the infrastructure to support this next evolution.”
“Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of AI-powered applications,” said Zack Rosen at Ribbit Capital. “We are excited to support Crossmint as they continue enabling enterprises and developers to innovate onchain.”
Source: PRNewswire