The enterprise blockchain company Crossmint has secured $23. 6 million in a funding round led by Ribbit Capital. Other investors in the round included Franklin Templeton, Nyca, First Round, Lightspeed Faction, HF0, and more, as stated in a release on Tuesday. The funding will be used by Crossmint to further develop its AI agent infrastructure and other enterprise blockchain solutions. Crossmint's mission is to simplify the process of building web3 products for both companies and individuals, eliminating the necessity to hire blockchain engineers for creating digital wallets, payment systems, tokenization, and additional components. "We're witnessing adoption across all sectors, " Crossmint Co-founder Rodri Fernandez said in a statement. "Publicly traded fintech companies utilize Crossmint to integrate stablecoins, launch new global financial products, and cut costs. " According to Crossmint, over 40, 000 companies and developers are utilizing its platform, with subscription growth soaring by 1, 100% in the past year. The platform supports more than 40 different blockchains. In February 2024, Crossmint acquired the NFT payment platform Winter and introduced its own cross-chain payment solution. Disclaimer: The Block operates as an independent media outlet providing news, research, and data.

As of November 2023, Foresight Ventures is a majority investor in The Block and also invests in other crypto-related companies. The crypto exchange Bitget serves as an anchor LP for Foresight Ventures. The Block maintains its independence to ensure objective, impactful, and timely information on the crypto industry, and here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is for informational purposes only and is not intended to be taken as legal, tax, investment, financial, or other advice.