Anchorage Digital opens first bank accounts for AI agents with KYA verification, real-time compliance, and spending limits. The $4.2B bank partnered with Google Cloud.
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Anchorage Digital, the only federally chartered digital asset bank in the US, has opened bank accounts for AI agents. CEO Nathan McCauley announced the first accounts at the SALT Conference in Jackson Hole. The platform, called Agentic Banking, gives autonomous AI systems regulated bank accounts with compliance controls and spending limits.
Anchorage uses a concept it calls Know Your Agent, or KYA, to verify an AI agent's identity and permissions before it can move money. Every transaction gets checked against regulatory requirements in real time. Settlement works across fiat currencies and stablecoins, the bank said.
Anchorage partnered with Google Cloud to power the AI reasoning behind the platform. Google's machine learning infrastructure runs on top of Anchorage's existing custody and settlement frameworks. The launch does not involve any new crypto tokens. Anchorage built Agentic Banking using the same systems it already uses for institutional clients.
Anchorage Digital carries a valuation of $4.2 billion, following a $100 million funding round led by Tether. It earned its federal charter from the Office of the Comptroller of the Currency, making it the only crypto-native institution with that designation.
The platform addresses a key barrier for AI agents in finance: regulatory compliance. By applying KYA checks and real-time monitoring, Anchorage gives institutions a way to let AI handle payments and settlements without running afoul of banking rules. Trading firms that deploy AI agents for execution have had to route through unregulated channels or build their own compliance. Anchorage's platform gives them a regulated alternative, the bank said.
The OCC charter means the platform falls under federal banking oversight, a selling point for institutions that avoid unregulated crypto services. Anchorage first showed the platform at Consensus Miami in May and is now pushing it to a wider institutional audience. No other US bank with a federal charter has offered this service.
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