Crypto development platform Crossmint completes $23.6 million in financing, led by Ribbit Capital

PANews reported on March 18 that according to Fortune, crypto development platform Crossmint announced that it had completed a US$23.6 million financing, covering seed rounds, A rounds and strategic financing, led by Ribbit Capital, with Franklin Templeton, Nyca, First Round, Lightspeed Faction and others participating.

Crossmint provides API tools to help developers easily integrate encryption without having to understand blockchain technology. Currently, its customers include 40,000 companies and developers including Adidas, Red Bull, Coinbase, etc. Its stablecoin API and AI robot payment capabilities are highly favored, with subscriptions increasing by 1,100% in 2024. Crossmint plans to further expand the traditional financial and technology enterprise market and form a differentiated layout with competitors such as Alchemy.