Blockchain infrastructure startup Crossmint has secured $23.6 million in fresh funding to strengthen its mission of simplifying blockchain adoption for companies worldwide. Ribbit Capital led the investment round, joined by other notable backers including Franklin Templeton, Nyca, First Round, and Lightspeed Faction. This new capital injection will help Crossmint scale its operations and accelerate the development of its next-gen blockchain and AI-powered commerce tools.
Crossmint is best known for offering easy-to-use infrastructure that allows brands to move parts of their operations on-chain without dealing with the technical complexities of blockchain development. Its suite of APIs helps businesses integrate digital wallets, tokenization, and blockchain-based payments into their existing systems with minimal code. This approach reduces time-to-market and eliminates the need for companies to build these capabilities from scratch. With over 40,000 users, Crossmint’s platform has already attracted major global brands such as Adidas and Red Bull. Both brands rely on Crossmint’s infrastructure to enhance their Web3 strategies and offer seamless blockchain experiences to their customers.
One of the standout features driving Crossmint’s growth is its focus on making blockchain technology accessible. Many companies see blockchain’s potential but struggle with its complicated technical requirements. Crossmint’s tools are designed to change that by offering simple plug-and-play solutions. By streamlining digital wallet integration, token creation, and payment processing, the company allows businesses to leverage blockchain benefits without overhauling their existing systems.
Beyond blockchain, Crossmint is also tapping into the future of AI-powered commerce. The company is building a framework that enables artificial intelligence agents to manage wallets and process payments independently. This innovation is designed to meet the growing demand for autonomous systems that handle transactions without human input. According to Crossmint’s co-founder Alfonso Gomez-Jordana, AI agents will soon be capable of managing tasks like grocery shopping, personal styling, and other routine purchases on behalf of users. He explained that traditional payment systems weren’t built to support this kind of AI-driven activity, but blockchain technology provides the flexibility and security needed for such autonomous transactions.
The newly secured funding will allow Crossmint to enhance its AI-commerce capabilities and onboard more businesses looking to explore this emerging space. As AI agents become a bigger part of daily consumer behavior, Crossmint aims to be the platform powering their payment systems. This move positions Crossmint at the intersection of two fast-growing industries—blockchain and artificial intelligence.
For brands like Adidas and Red Bull, integrating blockchain through Crossmint offers several advantages. It allows them to offer unique digital experiences, tap into tokenized assets, and build closer connections with their communities. By simplifying the technical side, Crossmint makes it easier for these brands to experiment and innovate in the Web3 space. It also reduces operational risks, as companies don’t have to maintain complex blockchain infrastructure themselves.
The strategic backing from firms like Ribbit Capital and Franklin Templeton highlights growing investor confidence in platforms that merge blockchain with AI. These investors are betting on the increasing demand for tools that enable seamless, secure, and automated digital transactions. With more companies exploring Web3 and AI-driven services, Crossmint is well-positioned to become a go-to solution for bridging traditional commerce with the decentralized future.
The rise of AI-powered commerce is already shaping industries. As AI agents evolve, consumers may soon rely on them to make purchasing decisions, complete tasks, and handle payments. Crossmint’s technology ensures that when this future arrives, businesses are ready to adapt quickly. Its platform offers the infrastructure needed to support this shift, combining blockchain’s security with AI’s efficiency.
By securing this funding, Crossmint is not just expanding its operations but also driving innovation at the intersection of blockchain and AI. As industries race toward automation and decentralized systems, Crossmint’s role in powering the next generation of digital commerce is becoming increasingly clear.
