Labs has officially announced plans to establish an "AI-based financial institution" that will place artificial intelligence technology at the heart of the financial system.
On the 20th (local time), Circle co-founder Sean Neville announced that he had secured $18 million in funding to create an AI-optimized regulated financial institution.
"AI agents will soon be conducting most of the economic activity," he said. The investment round was led by Investor Relations, a leading Silicon Valley venture capital firm.
Led by the crypto division of Driessen Horowitz (a16z), the project aims to create a fully regulated financial institution run by a collaboration between humans and AI agents.
"AI agents are emerging as major economic actors, but the existing financial system is not adequately prepared for them," Tana Lab said. "Existing financial infrastructure is slow and
"It has high costs, high global friction and low flexibility," he said, stressing that "it is completely unprepared to handle the new opportunities and risks that AI will create."
He also said, "AI agents will soon be conducting most economic transactions," and "we will be using AI agents and their
"We want to create a financial institution where businesses and consumers can transact safely and efficiently," he said. The financial institution has introduced a risk management and compliance system dedicated to AI.
It aims to create a new financial operations model led by AI and overseen by humans.
2025/05/21 11:15 KST
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