Crossmint Secures $23.6M Funding for AI-Driven Blockchain Commerce

Crossmint, a leading platform in the blockchain and digital payments sector, has successfully secured $23.6 million in a funding round led by Ribbit Capital. This significant investment is set to propel Crossmint's expansion into AI-driven commerce, integrating blockchain technology with everyday digital transactions to create a seamless and secure financial experience.

Ask Aime: How will Crossmint's expansion into AI-driven commerce impact the blockchain and digital payments sector?

The funding round also saw participation from notable investors including Franklin Templeton, Nyca, First Round, and lightspeed Faction. This influx of capital will enable Crossmint to further develop its platform, which aims to simplify blockchain integration for businesses without requiring specialized blockchain expertise. The platform offers tools such as wallets, tokenization, onramps, and payments, all accessible with just a few lines of code. For end users, the experience is designed to be as intuitive as traditional web applications, featuring FaceID authentication, email sign-ups, and zero gas fees.

Crossmint's user base includes over 40,000 companies and developers, with prominent brands such as Adidas and Red Bull already utilizing the platform. These businesses span various industries, from finance to supply chain management, and are leveraging Crossmint to bring their operations onchain. The platform's versatility allows publicly traded fintechs to integrate stablecoins and launch global financial products, while Fortune 500 companies use it to develop product passports that enhance supply chain transparency and prevent counterfeiting. Startups, on the other hand, benefit from the ability to build onchain applications more efficiently than with traditional methods.

Looking ahead, Crossmint is focusing on developing infrastructure for AI agent-driven commerce. AI agents are expected to play a pivotal role in the global e-commerce industry, making transactions and purchases on behalf of consumers. To support this shift, Crossmint provides wallets, payment technology, and credential APIs that enable AI agents to securely hold funds, trade digital assets, and purchase goods and services autonomously. The firm's GOAT SDK, an open-source blockchain library for AI agents, has been downloaded over 150,000 times in the last two months, underscoring the growing interest and demand for such technologies.

Alfonso Gomez-Jordana, co-founder of Crossmint, highlighted the transformative potential of AI agents in commerce. "AI agents are reshaping commerce," he said. "Soon, they will autonomously manage tasks like grocery shopping or personal styling. Traditional payment systems were not built for AI—but blockchain infrastructure offers a solution. Crossmint is building the infrastructure to support this next evolution."

Zack Rosen of Ribbit Capital commended Crossmint's role in shaping the future of onchain finance. "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," he stated. "We are excited to support them as they continue enabling enterprises and developers to innovate onchain."

With the new funding, Crossmint plans to expand its AI and blockchain offerings to support broader adoption of onchain commerce. This strategic investment positions Crossmint at the forefront of the digital payments revolution, paving the way for smoother, automated digital finance experiences that blend the ease of everyday online transactions with the security of blockchain technology.