The research in textiles is being driven by ecology, economy, and functionality. Therefore, the present research is focused on the development of multifunctional textiles that consume minimum energy during their processing, eco-friendly chemicals for functionalization, and use short processing steps. Eco-friendly cross-linkers such as butanetetracarboxylic acid and zinc oxide nanoparticles are used to impart wrinkle recovery, antibacterial activity, ultraviolet (UV) protection, bending rigidity, and antistatic properties to cotton fabric just in one step. The treated fabric has been characterized with Fourier-transform infrared spectrophotometer, scanning electron microscope, and X-ray diffractometer. Wrinkle recovery, tear strength, antibacterial activity, UV protection, and antistatic properties were tested with AATCC 66-1990, ASTM D 1224, AATCC 147, AATCC 183, and UNI EN 1149, respectively. The treated fabric shows excellent functional properties up to 20 washing cycles.