16 years in the making, blockchains are ready for scale.
Stablecoins will transform commerce, every asset will be tokenized, and every business will move onchain, just as they moved online in the 2000s.
AI agents are a massive new class of user that will gravitate to wallets and stablecoins as they facilitate an increasing portion of e-commerce spending, and take over the economy.
However, for this transformation to happen, building and using onchain applications must become radically simpler—a core belief that drives everything we do at Crossmint.
Today, we’re announcing $23.6M in funding, led by Ribbit Capital, to help move every business – and AI agent – onchain, with an all-in-one platform that supports any use case.
Building onchain is hard
To build a single application, companies must hire a costly team of blockchain engineers.
From there, they need to tape together anywhere from 5-10 vendors (RPCs, indexers, wallet infra, treasury management, tokenization, crypto accounting, security plug-ins, and more). Onboarding takes months.
Companies then must build internal processes for adding crypto to their balance sheet, managing a treasury, paying for gas—all while keeping private keys secure and staying on top of an ever-changing regulatory environment.
Even after overcoming these hurdles, the end-user experience remains frustratingly complex. Passphrases, transaction approval prompts, and gas fees make adoption difficult to achieve.
Crossmint makes it easy
We transform the cumbersome process of building onchain through a suite of low-code APIs—for wallets, stablecoins, onramps, tokenization, and credentials—that can be combined to create any use case.
Our APIs don’t require extensive expertise to integrate. Companies can work with a single vendor. We handle treasury management and gas fees, so companies don’t need to hold crypto on their books, or worry about key management.
Crossmint is enterprise-grade, with SOC-2 certification, premium SLAs, and dedicated customer support. We also hold a Virtual Asset Service Provider license, with a MiCA license underway, so companies can rely on us to handle compliance.
For end users, we can help companies deliver an experience that mirrors the traditional web. Familiar features like FaceID and email sign-ups while eliminating gas fees and other friction points pave the way for mainstream adoption.
The onchain era is here
In the coming years, every business will move onchain.
Transaction fees have plummeted, networks can handle massive throughput, and user experiences are improving thanks to platforms like Crossmint. Clearer regulation in the US and Europe is opening the doors for businesses of all sizes.
Here are just a few ways the Crossmint platform is already powering this new onchain era:
- Stablecoin-powered finance: publicly traded fintechs integrating stablecoins to facilitate instant global payouts and launch new global financial products.
- Digital product passports: Fortune 500 companies are embedding product passports that prevent counterfeiting, provide supply-chain transparency, and build loyalty with users.
- Onchain loyalty: Global consumer brands are unifying siloed data with tokenized credentials, powering cross-brand rewards and direct customer engagement.
- Next-gen startups: A new generation of startups is using Crossmint APIs to build applications in days instead of months, disrupting existing markets at unprecedented speed.
While Crossmint’s mission has always been to help businesses and their customers move onchain, we’re now seeing demand from an entirely new class of users—AI agents.
The rise of AI agents
Soon, most economic transactions will be executed by AI agents. These new economic actors will buy your groceries, book your flights, and manage the inventories and balance sheets of entire companies.
However, legacy systems have been designed to keep agents out. We know this particularly well given Crossmint co-founder Alfonso was formerly the PM behind Google’s “I’m not a robot,” reCAPTCHA, designed to block automated use.
Agents will need new systems that don’t require them to circumvent captchas, two-factor prompts, and manual approvals designed for human users. This is why we’ve adapted our APIs to cater to this new and rising class of consumer.
Our wallet, payment, and credential APIs now let agents securely hold funds, trade assets, and purchase goods and services. Crossmint’s GOAT SDK is the most downloaded open-source library for connecting AI agents to blockchain protocols, with 150,000 downloads in the past two months.
What’s next
In the past year, we've seen our subscription revenue increase by 1,100%, with over 40,000 companies and developers now using the Crossmint platform across 40+ blockchains. This momentum confirms what we've long believed: the world is ready to move onchain.
This $23.6M funding will accelerate our mission to make blockchain technology accessible to every business and AI agent. We're expanding our enterprise solutions, enhancing our AI agent infrastructure, and growing our global reach.
We're deeply grateful to our investors at Ribbit Capital, Franklin Templeton, NYCA, First Round, Lightspeed Faction, HF0, and others for their belief in our vision. Most importantly, we want to thank our customers and the developer community who are building the future with us every day.
The technology, our industry, and our business have reached an inflection point. Whether you're a global enterprise, an innovative startup, or developing AI agents, we're ready to help you build onchain.
Visit crossmint.com or reach out to us directly to get started.
