Crossmint, Blockchain Firm Used by Adidas and Red Bull, Raises $23.6M in Funding

Ribbit Capital led the investment round, with additional backing from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.

Key Points:

• Crossmint, a blockchain infrastructure firm that helps companies develop on-chain applications, has secured $23.6 million in funding.
• The company focuses on simplifying blockchain adoption, enabling businesses to integrate wallets, tokenization, and payments with minimal coding.
• Crossmint is also working on a framework for AI-driven commerce, offering wallets and payment APIs tailored for AI agents.

Crossmint, a blockchain infrastructure company that supports businesses in developing on-chain applications, has secured $23.6 million in funding.

With a user base exceeding 40,000, the firm seeks to streamline blockchain adoption by allowing companies to integrate wallets, tokenization, and payments with minimal coding. According to a statement on Tuesday, major brands like Adidas and Red Bull utilize Crossmint’s platform to transition their operations onto the blockchain.

Crossmint is also developing a framework for AI-driven commerce, offering wallets and payment APIs tailored for AI agents.

"AI agents are transforming commerce. Soon, they will autonomously handle tasks like grocery shopping or personal styling," said Alfonso Gomez-Jordana, co-founder of Crossmint. "Traditional payment systems weren’t built for AI agents—but blockchain is."

Crossmint announced on Tuesday that Ribbit Capital led the investment round, with additional backing from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.