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Crossmint, a leading blockchain infrastructure provider, has raised $23.6 million to accelerate the expansion of its platform, which simplifies blockchain application development for businesses and developers.
The company’s platform enables seamless blockchain integration with minimal coding, allowing users to deploy wallets, tokenization, payments, onchain credentials, and other key components for decentralized applications.
Driving Blockchain Adoption Across Industries
Crossmint’s solutions are widely adopted by both startups and publicly traded companies, helping them integrate stablecoins, launch financial products, prevent counterfeiting with product passports, and develop rewards programs, according to Co-founder Rodri Fernandez.
“We’re seeing adoption across every sector,” Fernandez stated.
Additionally, Crossmint is pioneering AI-driven commerce, providing wallets, payments, and credential APIs that allow AI agents to autonomously hold funds, trade assets, and purchase goods and services on behalf of users.
Investment and Market Growth
The funding round was led by Ribbit Capital, reinforcing investor confidence in Crossmint’s ability to drive cost efficiencies and unlock new revenue streams for enterprises.
“Crossmint is building the financial infrastructure for the next generation of AI-powered applications,” said Zack Rosen, investor at Ribbit Capital.
The blockchain sector is experiencing rapid mainstream adoption, with public blockchains increasingly competing with private networks due to improvements in security and privacy features.
A recent research shows that enterprises are embracing public blockchain technologies, with expectations of increased adoption as security advancements continue.
Broader Blockchain Investments
Crossmint’s funding comes amid a wave of blockchain infrastructure investments, including:
- Rakurai’s $3 million seed round (March 11) to enhance Solana staking efficiency.
- Raise’s $63 million funding round (February) to bring gift cards and loyalty programs on-chain via its Smart Cards initiative.
As blockchain technology continues to evolve, Crossmint’s platform expansion positions it as a key enabler for businesses looking to integrate secure, scalable, and AI-driven blockchain solutions.
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