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US blockchain firm Crossmint raises $23.6m
Crossmint, an enterprise blockchain company, has raised US$23.6 million in a funding round led by Ribbit Capital.
Other investors included Franklin Templeton, Nyca, First Round, and Lightspeed Faction, according to a statement released on Mar. 18.
The company plans to use the funds to develop infrastructure for AI agents and blockchain tools for enterprise applications.
Crossmint’s platform aims to simplify the creation of Web3 products.
This will reduce the need for specialized blockchain engineers for tasks such as digital wallet creation, payments, and tokenization.
Recent blockchain developments
| Timeline |
|---|
| 25-Feb-2025 💻 Blockchain intelligence firms link N Korea to Bybit heist North Korea’s Lazarus Group linked to Bybit’s $1.4 billion Ethereum heist, the largest crypto theft to date. |
| 20-Feb-2025 🚀 Blockchain firm Fluent Labs secures $8m seed funding Fluent Labs raises $8M in seed funding to enhance its Ethereum Layer 2 platform and expand its engineering team. |
| 30-Jan-2025 🔒 Blockchain identity platform raises $20m, valued at $1.1b Humanity Protocol raises $20M to enhance blockchain identity verification, valued at $1.1B, fighting online fraud. |
| 28-Jan-2025 🔗 Blockchain platform Analog raises $5m, valued at $300m Blockchain platform Analog raises $5M, valuing it at $300M ahead of its token launch on Feb. 6. |
| 26-Jan-2025 🚀 Blockchain firm Yudiz CFO resigns amid losses Yudiz CFO Zarna Shah resigns effective Jan. 31, citing personal commitments as company faces financial challenges. |
| 25-Jan-2025 🚀 Blockchain startup raises $2.5m pre-seed Blockchain startup Printr raises $2.5M in pre-seed funding to enhance its memecoin launch platform across multiple networks. |
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