Crossmint – an all-in-one platform for companies building onchain – announced the completion of a $23.6 million funding round led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. This funding follows a year of explosive growth, with Crossmint’s subscription revenue increasing by 1,100% last year.
Crossmint now gives companies everything they need to build blockchain applications in a few lines of code—from wallets and tokenization to onramps and payments. And 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, this experience mirrors the traditional web with familiar features like FaceID and email sign-ups, while eliminating gas fees and other friction points.
Now over 40,000 companies and developers use Crossmint, such as 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.
Beyond human users, Crossmint is now also building a framework for AI agent-driven commerce. And 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.
KEY QUOTES:
“We’re seeing adoption across every sector. 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.”
– Rodri Fernandez, co-founder of Crossmint
“AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling. Traditional payment systems weren’t designed for AI agents—but blockchain is. Crossmint is building the infrastructure to support this next evolution.”
– Alfonso Gomez-Jordana, co-founder of Crossmint
“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. We are excited to support Crossmint as they continue enabling enterprises and developers to innovate onchain.”
– Zack Rosen at Ribbit Capital
