What You Should Know:

• Crossmint, a blockchain infrastructure firm focused on helping companies adopt on-chain solutions, has successfully raised $23.6 million in funding.
• The company is dedicated to facilitating blockchain integration by allowing businesses to incorporate wallets, tokenization, and payments with little coding required.
• Crossmint is also developing AI-driven commerce solutions, offering wallet and payment APIs for artificial intelligence agents.

Crossmint has garnered a user base of over 40,000, with notable clients like Adidas and Red Bull leveraging the platform to transition their operations onto the blockchain.

“AI agents are transforming commerce. Shortly, they will autonomously handle tasks such as grocery shopping or personal styling,” said Alfonso Gomez-Jordana, co-founder of Crossmint. “Traditional payment systems weren’t created for AI agents—but blockchain technology is.”

Ribbit Capital spearheaded the investment round, with additional investments from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. (Read more)