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CoinDesk 2025-03-18 17:47:43

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

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.

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