Crossmint, the Blockchain infrastructure platform aiming to make it easy for businesses to move on-chain, has raised $23.6 million funding in a strategic Series A round held on Tuesday.
In a growing interest in blockchain technology by major financial institutions, the funding round notably saw backing from Franklin Templeton, a global asset management firm with a strong focus on digital assets, and Nyca Partners, a prominent fintech investment firm.

Led by Ribbit Capital, this significant financial injection is expected to propel Crossmint’s efforts in simplifying on-chain transactions and expanding its suite of services aimed at democratizing access to blockchain technology.

The2021-founded company with its suite of low-code APIs believes that every business will move onchain, just as they moved online in the 2000s, with Stablecoins transforming the commerce world, and every asset set for tokenization.

Its c0-founders include Rodrigo Fernández Touza and Alfonso Gómez-Jordana. Rodrigo previously served as a consultant at McKinsey & Company while Alfonso was behind Google’s “I’m not a robot,” reCAPTCHA, designed to block automated use.

On the funding news, Rodrigo reacted, “3 years ago, Alfonso and I just had a dream and a whiteboard.”

How is Crossmint making Blockchain Simple and Accessible?

Crossmint has gained traction for its infrastructure solutions, particularly its NFT minting APIs and fiat-to-crypto on-ramping services.

These tools have enabled businesses, creators, and developers to seamlessly integrate blockchain capabilities without requiring in-depth technical expertise. Its vision includes helping move every business – and AI agent – onchain, with its all-in-one platform that supports any use case.

It provides enterprise-grade, programmable wallets with flexible custody models, eliminating vendor lock-in and catering to diverse business needs. It also enables the creation and distribution of tokens at scale through intuitive APIs and no-code solutions, streamlining the process for businesses venturing into digital assets.

Further, it also allows for the issuance, presentation, and verification of credentials on-chain, enhancing trust and security in digital interactions.

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And now with the fresh funding, Crossmint plans to accelerate product development, strengthen its team, and explore strategic partnerships to expand its reach in the Web3 ecosystem.

Red Bull, Adidas among CrossMint’s Clients

As the all in one platform for businesses to integrate blockchain capabilities or AI agent inside their app or business, Crossmint assists financial institutions in integrating stablecoins and other fungible tokens into their offerings and also provides solutions for secure identity verification and ticketing systems.

In April 2023, it powered Red Bull’s Doodle Art contest, enabling the creation of 120,000 digital wallets to onboard artists into the Web3 ecosystem.  In Feb 2025, it joined Mastercard’s Start Path Blockchain and Digital Assets program to accelerate enterprise adoption of NFTs and digital assets. Adidas also utilized Crossmint’s platform to transition its operations on-chain in March 2025.

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Its others client include Microsoft, the technology giant leverages Crossmint’s tools for blockchain asset integration and Etihad Airways, the national airline of the United Arab Emirates employs Crossmint’s platform for digital asset management.

Thus, in such a sort span of time, it has established a diverse clientele, collaborating with over 30,000 enterprises and developers.

Expanding to AI Agents recently, it also empowers artificial intelligence agents to operate as economic actors with wallets and payment capabilities. For Gaming entities, it facilitates the integration of blockchain elements into gaming platforms, offering new revenue streams and engagement opportunities for developers and players alike.

The Future of On-Chain Transactions

The funding comes at a pivotal time when the blockchain industry is witnessing a shift toward real-world asset tokenization, enterprise adoption, and increased regulatory clarity. Crossmint’s infrastructure can play a vital role in making these transitions smoother by offering reliable, scalable, and user-friendly solutions.

As competition intensifies in the blockchain infrastructure space, Crossmint’s latest funding round positions it as a key player in driving the mainstream adoption of Web3. With strong backing from industry leaders and financial institutions, the company is well-equipped to enhance its offerings and cement its position as a leading infrastructure provider in the decentralized space.

 

The post Going On-Chain! Crossmint Secures $23.6M Investment from Franklin Templeton, Nyca, and More appeared first on CoinGape.

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Filed under: News - @ March 19, 2025 1:26 pm