Crossmint Raises $23.6M Series A Funding to Make Blockchain Simple and Accessible for Businesses

Crossmint, the Blockchain infrastructure platform aiming to make it easy for businesses to move on-chain

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, it was disclosed on Tuesday.

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 has already developed a suite of low-code APIs and no-code solutions that aim to integrate NFTs, stablecoins, and other Web3 use cases into existing business applications.

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.

Its goal is to create an accessible gateway for businesses to engage with the metaverse, offering seamless integration of blockchain capabilities into existing business models.

Its investors include Franklin Templeton, Nyca Partners, and Ribbit Capital. As Crossmint expands its product offerings and services to new use cases, it plans to further engage with existing investors in the upcoming months.

This Series A funding round is a testament to the growing interest in blockchain technology by major financial institutions.

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

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.

Its goal is to create an accessible gateway for businesses to engage with the metaverse, offering seamless integration of blockchain capabilities into existing business models.

Its investors include Franklin Templeton, Nyca Partners, and Ribbit Capital. As Crossmint expands its product offerings and services to new use cases, it plans to further engage with existing investors in the upcoming months.

This Series A funding is a pivotal milestone for Crossmint as it continues to simplify and democratize access to blockchain technology, breaking down barriers for broader adoption across diverse industries.