Crossmint, a platform for companies building on-chain, this week 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. The company said more than 40,000 companies and developers use its services, including global brands like Adidas and Red Bull.
“We’re seeing adoption across every sector,” said Rodri Fernandez, co-founder of Crossmint. “Publicly traded fintechs use (us) 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.”
Beyond human users, the company 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 on-chain, it maintains GOAT SDK, an 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 (them) as they continue enabling enterprises and developers to innovate on-chain.”