Share this article
Blockchain Firm Crossmint Used by Adidas, Red Bull Raises $23.6M in Funding
Ribbit Capital led the investment round with additional participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.
Mar 18, 2025, 5:47 p.m.
What to know:
- Crossmint, a blockchain infrastructure firm helping companies build on-chain applications, has raised $23.6 million in funding.
- The company's aim is to simplify blockchain adoption by enabling companies to integrate wallets, tokenization, and payments with minimal code.
- Crossmint is also building a framework for artificial intelligence-driven commerce, providing wallets and payment APIs for AI agents.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Two Casascius Coins Holding 2K BTC Moved After 13 Years of Inactivity
The Casascius coins were designed as offline cold storage with embedded private keys, but the project was shut down in 2013 due to regulatory pressure from FinCEN.
What to know:
- Two long-dormant bitcoin wallets tied to physical Casascius coins moved 2,000 BTC ($180M) after over a decade of inactivity.
- The Casascius coins were designed as offline cold storage, containing embedded private keys, but the project was shut down in 2013 due to regulatory pressure from FinCEN.
- The recent transfers' purpose is unclear, but could be linked to degrading physical components or precautionary moves to preserve access.
Top Stories
