Crypto Development Platform Crossmint Raises $23.6 Million in Funding, Led by Ribbit Capital

BlockBeats News, March 18th, according to Fortune report, crypto development platform Crossmint has completed a $23.6 million funding round, including seed, Series A, and strategic financing, led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, Lightspeed Faction, among others.

Crossmint provides API tools to help developers easily integrate encryption capabilities without a deep understanding of blockchain technology. Currently, its clients include 40,000 enterprises and developers such as Adidas, Red Bull, and Coinbase. Its stablecoin API and AI-powered payment features are highly praised, with a 1100% growth in subscriptions by 2024. Crossmint plans to further expand into the traditional finance and tech enterprise market, establishing a differentiated position from competitors such as Alchemy.