By Riley Kaminer
For most businesses, blockchain integration still feels like trying to assemble a spaceship with IKEA instructions – complex, expensive, and better left to engineers who speak in code. Crossmint wants to change that.
The startup just closed a $23.6 million funding round, led by Ribbit Capital with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction, to make blockchain adoption as easy as a few lines of code.
The company has seen a rapid rise, with subscription revenue jumping 1,100% in 2024. Its pitch to businesses is straightforward: skip the complexity. Companies can integrate blockchain-powered wallets, payments, and tokenization tools without hiring blockchain engineers or managing crypto holdings. For end users, Crossmint’s approach feels just like the traditional web – no gas fees, no clunky interfaces, just straightforward transactions using FaceID or email logins.
“We’re seeing adoption across every sector,” Rodri Fernandez, co-founder of Crossmint, shared in a statement. “Publicly traded fintechs are using Crossmint to integrate stablecoins and launch new financial products globally.”
Fernandez continued: “Fortune 500 companies are building blockchain-based product passports to combat counterfeiting and improve supply chain transparency. One of the world’s largest banks is developing an interoperable rewards program. And a wave of new startups is launching applications in days instead of months, disrupting markets at unprecedented speed.”
Over 40,000 businesses and developers have already jumped on board, including global giants like Adidas and Red Bull. The appeal? A single platform that abstracts away the technical headaches of blockchain while still delivering its benefits: security, transparency, and interoperability.
The company is also betting big on AI-driven commerce. With AI agents predicted to handle a growing chunk of the $6.8 trillion global e-commerce market, Crossmint is laying the groundwork for autonomous transactions. Its technology enables AI agents to hold funds, trade assets, and make purchases independently, a concept that could redefine online shopping and digital finance.
“Soon, most economic transactions will be executed by AI agents,” Fernandez wrote in a blog post announcing the funding. “These new economic actors will buy your groceries, book your flights, and manage the inventories and balance sheets of entire companies.”
However, AI-driven transactions don’t fit neatly into existing financial infrastructure. Traditional payment systems were built for humans – requiring CAPTCHAs, two-factor authentication, and manual approvals that AI agents can’t easily navigate. Crossmint is addressing this with its wallet, payment, and credential APIs, built specifically for AI-driven commerce.
“Crossmint has demonstrated its ability to unlock new revenue streams and drive cost efficiencies for major brands while building the financial infrastructure for the next generation of AI-powered applications,” said Zack Rosen of Ribbit Capital.
Fernandez sees this as the beginning of a much larger shift. “In the coming years, every business will move onchain,” he wrote. “Transaction fees have plummeted, networks can handle massive throughput, and user experiences are improving thanks to platforms like Crossmint.” With regulations clarifying in the U.S. and Europe, the doors are opening for enterprises of all sizes to make the leap.
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I am a Miami-based technology researcher and writer with a passion for sharing stories about the South Florida tech ecosystem. I particularly enjoy learning about GovTech startups, cutting-edge applications of artificial intelligence, and innovators that leverage technology to transform society for the better. Always open for pitches via Twitter @rileywk or www.RileyKaminer.com.