Crossmint, a platform that helps companies adopt blockchain technology, has raised $23.6 million in a funding round led by Ribbit Capital, with participation from other notable investors. This comes after a year of impressive growth, with subscription revenue increasing by 1,100%. Crossmint simplifies blockchain integration by providing everything businesses need to create on-chain applications easily, without the need for blockchain expertise. Their user-friendly solutions include digital wallets, tokenization, and payment systems, catering to over 40,000 customers, including big brands like Adidas and Red Bull. Additionally, Crossmint is developing tools for AI-driven commerce, ensuring they are at the forefront of innovation in the evolving digital landscape.
Crossmint Secures $23.6 Million Funding to Simplify Blockchain Integration
March 18, 2025 – Crossmint, an all-in-one platform aimed at facilitating blockchain application development, has announced the successful completion of a $23.6 million funding round. This financing was led by Ribbit Capital, with participation from other notable investors like Franklin Templeton and Lightspeed Faction.
This achievement comes on the heels of a remarkable year for Crossmint, during which its subscription revenue skyrocketed by an impressive 1,100% in 2024. The company aims to simplify the process for businesses looking to adopt blockchain technology without needing extensive technical knowledge.
Key Features of Crossmint’s Offering
Crossmint’s platform equips companies with everything they need to create blockchain applications seamlessly. This includes:
– Wallets for managing digital assets
– Tokenization solutions for converting assets into digital forms
– Payment systems that integrate easily with existing business models
Businesses of all sizes, from startups to large enterprises like Adidas and Red Bull, are increasingly turning to Crossmint’s services, which help to remove the complexity often associated with blockchain adoption.
A Focus on AI and E-commerce
As a significant part of its future strategy, Crossmint is also focusing on AI agent-driven commerce. As AI begins to handle more online purchasing, Crossmint is developing tools that allow these agents to perform transactions securely. With the global e-commerce Market projected to reach $6.8 trillion, this innovative approach positions Crossmint at the forefront of an evolving industry.
Co-founder Rodri Fernandez commented, “We’re seeing adoption across every sector with both fintech firms and Fortune 500 companies recognizing the need for blockchain technology. Our infrastructure is designed to support these shifts.”
Crossmint stands out as a trusted facilitator of blockchain technology, allowing companies to leverage its features without needing specialized blockchain expertise.
For more information on how Crossmint is transforming blockchain for businesses globally, visit their website at www.crossmint.com.
Media Contact:
Chi Zhao
chi@hokkupr.com
Tags: Crossmint, blockchain funding, AI commerce, e-commerce, investment news
What is Crossmint and what do they do?
Crossmint is a company that helps businesses use blockchain technology. They allow companies to create and manage digital assets easily, especially with the rise of AI agents.
Why did Crossmint secure $23.6 million?
Crossmint raised $23.6 million to expand their services. This funding will help them improve their technology and make it easier for businesses to transition to using blockchain solutions.
How does this funding help businesses?
With this funding, Crossmint can enhance their platform. This means businesses will have better tools to manage digital assets and use AI agents more effectively on the blockchain.
What are AI agents, and how do they relate to Crossmint’s services?
AI agents are software programs that can perform tasks for businesses. Crossmint is working to bring these AI agents onto the blockchain, allowing for more automated and secure transactions.
Is Crossmint only for large businesses?
No, Crossmint is designed for all types of businesses, big or small. They aim to make blockchain technology accessible and useful for everyone looking to explore digital assets.