The crypto development platform Crossmint has completed a $23.6 million financing round, led by Ribbit Capital

according to Fortune, the crypto development platform Crossmint has completed a $23.6 million funding round, covering seed, Series A, and strategic financing, led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, Lightspeed Faction, and others.

Crossmint provides API tools that help developers easily integrate crypto features without needing to deeply understand blockchain technology. Currently, its clients include Adidas, Red Bull, Coinbase, and 40,000 other businesses and developers. Its stablecoin API and AI bot payment features are highly favored, with a 1100% increase in subscriptions in 2024. Crossmint plans to further expand into the traditional finance and tech enterprise market, creating a differentiated layout compared to competitors like Alchemy.