With the backing of Ribbit Capital, Franklin Templeton, NYCA, First Round, Lightspeed Faction, and HF0, Crossmint is poised to accelerate its goal of bringing every business and AI agent onto the blockchain.
Crossmint Secures $23.6 Million Investment to Drive Blockchain Adoption for Businesses
The adoption of blockchain technology is on the rise, and companies like Crossmint are at the forefront of this movement. Recently, the startup raised $23.6 million from prominent investors such as Ribbit Capital, Franklin Templeton, NYCA, First Round, Lightspeed Faction, and HF0 to simplify the integration process and enable artificial intelligence (AI) agents to operate autonomously on the blockchain.
Crossmint’s primary objective is to streamline the implementation of structures that facilitate the transition of businesses and agents to the blockchain, ultimately saving time and resources for companies embarking on this journey. To achieve this, the company has developed a range of user-friendly programming interfaces that support the deployment of blockchain services, complemented by a Virtual Asset Service Provider (VASP) license to ensure regulatory compliance.
Among the various applications supported by Crossmint are the integration of stablecoin finance solutions for businesses, the incorporation of product passports to combat counterfeiting and fraud, and the establishment of on-chain loyalty programs to incentivize customer engagement.
One of Crossmint’s key features is its AI agent-friendly ecosystem, which sets it apart from traditional systems that often exclude AI integration. Recognizing the pivotal role AI will play in the future financial landscape, Crossmint actively promotes and facilitates interactions with AI agents, viewing them as essential participants in the evolving ecosystem.
According to Crossmint, its GOAT SDK has emerged as the most sought-after open-source library for connecting AI agents to blockchain protocols, with over 150,000 downloads in the past two months. This overwhelming response underscores the growing interest in leveraging AI within blockchain applications.
Commenting on the recent funding round, Rodri Fernandez, co-founder of Crossmint, expressed his enthusiasm:
“This $23.6 million investment will propel our mission to democratize blockchain technology for businesses and AI agents alike.”
He further added, “We are expanding our enterprise solutions, enhancing our AI agent infrastructure, and expanding our global presence,” underscoring Crossmint’s commitment to partnering with more organizations to facilitate their transition to blockchain operations.
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