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

Crossmint, a blockchain infrastructure agency serving to corporations construct on-chain functions, has raised $23.6 million in funding.

The firm, which has over 40,000 customers, goals to simplify blockchain adoption by enabling companies to combine wallets, tokenization, and funds with minimal code, in line with an announcement on Tuesday. Crossmint customers, together with huge manufacturers Adidas and Red Bull, use the platform to transition their operations on-chain.

Crossmint can also be constructing a framework for synthetic intelligence-driven commerce, offering wallets and fee APIs for AI brokers.

“AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling,” mentioned Alfonso Gomez-Jordana, co-founder of Crossmint. “Traditional payment systems weren’t designed for AI agents—but blockchain is.”

Ribbit Capital led the funding spherical with extra participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction, Crossmint introduced on Tuesday.

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