Crossmint Secures $23.6M to Advance Blockchain and AI-Driven Commerce Tools

The funding, led by Ribbit Capital, will support the development of blockchain infrastructure and AI solutions as the platform sees rapid enterprise adoption.

• Crossmint raised $23.6 million in a funding round led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.
• The company plans to use the funding to develop AI-driven commerce frameworks and expand blockchain tools for enterprises.
• Crossmint's platform, which simplifies blockchain adoption with tools for wallets, tokenization, and payments, is used by over 40,000 companies and developers.
• Major brands like Adidas and Red Bull leverage Crossmint's platform to transition operations on-chain and innovate financial products.
• In February 2024, Crossmint acquired NFT payments platform Winter and launched a cross-chain payment offering to enhance blockchain interoperability.

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