RibbitCapital

Crossmint has announced a $23.6 million funding round led by Ribbit Capital. The investment, supported by Franklin Templeton, NYCA, Lightspeed Faction, and other key players, underscores Crossmint’s growing influence in simplifying blockchain integration for enterprises, developers, and autonomous AI systems. As blockchain transitions from niche experimentation to mainstream adoption, Crossmint is positioning itself as the gateway for organizations to harness its full potential without the traditional friction.
Blockchain’s Evolution Meets Enterprise Needs
Over a decade since its inception, blockchain technology is now driving tangible transformations across sectors. Stablecoins are redefining global finance, tokenization is unlocking novel asset classes, and institutions worldwide are migrating operations to onchain systems a shift likened to the early days of internet adoption. Yet despite this momentum, enterprises face steep barriers. Technical complexities, from sourcing specialized talent to integrating fragmented tools like wallets and node providers, often delay projects for months. Operational risks, including crypto treasury management, volatile gas fees, and regulatory uncertainty, further complicate adoption. For end-users, cumbersome login processes and unpredictable costs remain deterrents to engagement.
Crossmint addresses these pain points head-on with a unified platform designed to accelerate blockchain adoption. Its modular API suite enables developers to embed critical functionalities digital wallet creation, token issuance, and identity verification across 40+ blockchain networks. Enterprises gain access to institutional-grade infrastructure compliant with SOC-2 standards, MiCA regulations, and global licensing frameworks like VASP, alongside guaranteed service-level agreements. By replacing cryptographic key management with FaceID or email logins and abstracting gas fee handling, Crossmint slashes development timelines from months to days while minimizing operational overhead.
Powering Real-World Innovation
Already trusted by over 40,000 organizations, Crossmint’s infrastructure is enabling diverse use cases. Financial institutions deploy its tools to facilitate real-time cross-border payments and decentralized lending platforms. Consumer brands integrate tamper-proof digital records into supply chains to combat counterfeiting, while loyalty programs evolve into interoperable ecosystems where customers earn and redeem tokens across retail networks.
A standout offering is Crossmint’s GOAT SDK, an open-source toolkit downloaded 150,000+ times, which empowers developers to build AI-driven marketplaces. Autonomous agents using GOAT can independently execute transactions, hold assets, and interact with decentralized applications paving the way for machine-to-machine economies. Alfonso de la Rocha, Crossmint co-founder and former lead of Google’s reCAPTCHA team, emphasizes the urgency of this innovation: “Legacy security systems like CAPTCHAs hinder AI autonomy. Our tools let AI agents transact and operate securely within blockchain frameworks, fulfilling their role as both users and stakeholders in decentralized networks.”
Scaling a New Era of Collaboration
With subscription revenue skyrocketing by 1,100% in the past year, Crossmint is doubling down on three strategic priorities. First, expanding its enterprise reach to serve regulated sectors such as healthcare and energy. Second, enhancing developer tools to enable seamless AI agent integration with onchain liquidity pools and governance protocols. Third, broadening its compliance infrastructure to secure global licenses, ensuring adherence to evolving regulations.
By removing technical and operational roadblocks, Crossmint isn’t merely streamlining blockchain adoption it’s architecting a future where businesses and AI systems collaborate onchain. As industries converge toward decentralized models, Crossmint’s platform stands as the bridge between today’s challenges and tomorrow’s possibilities, unlocking efficiencies and innovations once confined to theory. In a world increasingly driven by autonomous systems and borderless transactions, Crossmint’s vision could very well define the next chapter of digital transformation.
#OnchainFuture #Crossmint #RibbitCapital #AIAgents #FranklinTempleton

New York-based crypto wallet infrastructure startup Privy has secured $15 million in a strategic funding round led by Ribbit Capital, marking a pivotal moment in its quest to accelerate blockchain adoption. Announced on March 19, 2025, the investment saw participation from heavyweight backers including Sequoia Capital, Paradigm, and Coinbase, propelling Privy’s total funding beyond $40 million. The fresh capital will drive team expansion and advance the company’s mission to streamline crypto wallet integration for mainstream apps, bridging Web3’s potential with everyday user experiences.
Revolutionizing Blockchain Accessibility Through Developer Tools
Founded in 2021 by Asta Li and Henri Stern, Privy equips businesses with software development kits (SDKs) and application programming interfaces (APIs) that simplify embedding crypto wallets into apps and websites. By abstracting technical complexities, the platform empowers developers to focus on innovation rather than infrastructure.
“Crypto wallets are the gateway to onboarding the next billion users into Web3,” emphasized CEO Henri Stern. “Our tools allow developers to harness blockchain’s transformative power while preserving the intuitive experiences users expect.”
A Surge in Adoption and Enterprise Demand
Privy’s growth trajectory has been nothing short of meteoric. Since its 2023 funding round, the company’s user base has ballooned from 1 million to 50 million crypto wallet accounts, reflecting surging interest in decentralized applications. Its client portfolio has also expanded exponentially, now serving 1,000 businesses a dramatic leap from 40 just two years prior. Notable adopters include NFT marketplace leader OpenSea and loyalty rewards platform Blackbird, both leveraging Privy’s infrastructure to enhance their Web3 capabilities.
Though the company keeps specific revenue figures private, insiders report a 25-fold increase in earnings over the past year, driven by its subscription-based pricing model tied to monthly active wallets.
Navigating a Competitive Landscape
While rivals like Reown vie for market share in the crypto infrastructure space, Privy’s rapid scaling and robust investor backing including repeat support from Paradigm and Coinbase cement its position as an industry frontrunner. Stern revealed plans to double the team’s headcount from 25 to 50 within 18 months, prioritizing engineering and product development roles to maintain innovation momentum.
Strategic Role of Crypto Wallets in Web3 Evolution
As critical portals to decentralized ecosystems, crypto wallets enable users to manage digital assets, interact with dApps, and access blockchain services. Privy’s infrastructure lowers adoption barriers for companies seeking to incorporate Web3 features from tokenized loyalty programs to NFT marketplaces into conventional platforms. This democratization of technology aligns with broader industry efforts to move blockchain beyond niche use cases into mainstream commerce and social applications.
Investor Confidence Signals Long-Term Blockchain Potential
The funding round underscores growing institutional faith in crypto infrastructure despite market volatility. Ribbit Capital’s leadership in the deal reflects a strategic bet on blockchain’s enduring utility, while participation from Coinbase and Paradigm highlights alignment with established industry players.
Challenges and Opportunities on the Horizon
As Privy scales, key challenges include maintaining robust security protocols amid rapid growth and differentiating its offerings in an increasingly crowded market. Yet Stern remains optimistic: “By making crypto technology seamless and user-friendly, we can unlock its potential to revolutionize industries far beyond finance from healthcare to supply chain management.”
For businesses and developers exploring Web3 integration, Privy’s tools offer a compelling solution to balance innovation with accessibility, potentially reshaping how traditional industries interact with decentralized systems.

#Privy #RibbitCapital #paradigm #coinbase