PANews reported on March 18 that according to Fortune, the encryption development platform Crossmint announced the completion of US$23.6 million in financing, covering seed round, A round and strategic financing, led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, Lightspeed Faction and others.

Crossmint provides API tools to help developers easily integrate encryption functions without in-depth understanding of blockchain technology. Its current customers include 40,000 companies and developers such as Adidas, Red Bull, and Coinbase. Its stablecoin API and AI robot payment functions are very popular, with subscriptions growing 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.