Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that natively leverages artificial intelligence.
On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured $18 million in a funding round led by Andreessen Horowitz (a16z) Crypto, a16z’s crypto and Web3 venture capital arm.
Led by Neville, the company aims to realize its vision of a fully regulated financial institution for the AI economy. The company said it will be built for AI agents and human collaborators and will be operated by AI workers with human oversight and AI-specific risk management and compliance approaches.
Cointelegraph contacted Catena Labs to get more information about the project but received no response before publication.
Source: Catena LabsTraditional financial systems are “resistant” to AI
In the announcement, Catena Labs argued that conventional financial systems resist AI technology. The