PANews reported on May 20th that Catena Labs, an "AI-native bank" founded by Sean Neville, co-founder of stablecoin issuer Circle, has completed a $30 million Series A funding round. Investors include a16z Crypto, Coinbase Ventures, and Breyer Capital. Catena Labs aims to build financial infrastructure for AI agents, enabling AI to autonomously handle payments, fund management, and compliance operations. The company plans to combine stablecoins with an on-chain identity system to provide native banking services for the AI economy.
AI-native bank Catena Labs raises $30 million in Series A funding.
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