March 18, 2025
11 11 11 AM
Latest Post
Crypto for Humans: Lessons from the Bybit Hack How Funding Fragmentation Holds Ethereum Back Solana CME Futures Fell Short of BTC and ETH Debuts, but There’s a Catch Ark Invest’s Cathie Wood Says She Wants To Bring Company’s Funds On-Chain EOS Rebrands to Vaulta as it Shifts Focus to Web3 Banking Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters Bitcoin Pulls Back With Markets Nervous Ahead of Fed Meeting Results Blockchain Firm Crossmint Used by Adidas, Red Bull Raises $23.6M in Funding Multicoin’s Samani Explains Why SOL ETF Could Trounce ETH’s Crypto Regulatory Clarity Top Catalyst for Industry Growth: Coinbase & EYP Survey

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

Crossmint, a blockchain infrastructure firm helping companies build on-chain applications, has raised $23.6 million in funding.

The company, which has over 40,000 users, aims to simplify blockchain adoption by enabling firms to integrate wallets, tokenization, and payments with minimal code, according to a statement on Tuesday. Crossmint users, including big brands Adidas and Red Bull, use the platform to transition their operations on-chain.

Crossmint is also building a framework for artificial intelligence-driven commerce, providing wallets and payment APIs for AI agents.

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

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

Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

This post was originally published on this site