Kite Announces Investment From Coinbase Ventures to Advance Agentic Payments with the x402 Protocol
Kite, the firm constructing foundational infrastructure for agentic funds, right now introduced an funding from Coinbase Ventures. This increase is an extension of Kite’s current $33 million Series A fundraise led by PayPal Ventures and General Catalyst. Together, these investments mirror rising confidence in the autonomous agent financial system and Kite’s position in constructing infrastructure powering agent-to-agent funds and AI-driven commerce.
The fund used from this funding will assist tackle a crucial bottleneck in the AI revolution. While AI brokers can now handle advanced duties—from reserving journeys to executing trades—they continue to be depending on human-approved operation loops. Kite’s infrastructure offers the lacking layer for true autonomy: a blockchain-native community that delivers safe digital id, programmable spending limits, and instantaneous, low-cost settlements with native entry to stablecoins, as important for AI-to-AI commerce.
To scale this agent-to-agent blockchain community, Kite is now natively built-in with Coinbase’s x402 Agent Payment Standard, positioning itself as a major execution and settlement layer for the protocol. As one among the first L1s to absolutely implement x402-compatible cost primitives, Kite permits AI brokers to seamlessly ship, obtain, and reconcile funds by means of standardized intent mandates. This deep, chain-level integration is designed to speed up the adoption of the x402 commonplace and unlock the full potential of the agentic financial system.
Coinbase Ventures’ funding will help Kite’s continued product and infrastructure improvement throughout three converging market shifts shaping the autonomous financial system:
The Need for a Programmable Trust Layer: As AI brokers act independently, they require verifiable id and enforceable guidelines. Kite’s Agent Passport offers this basis, giving every agent a singular cryptographic id and programmable governance controls. This ensures each autonomous transaction is safe, compliant, and verifiable on-chain.
Scalable Blockchain with the x402 Protocol as the Native Payment Rail for AI: The high-volume, microtransaction nature of agent commerce calls for instantaneous, low-cost settlements that conventional finance can not help. Kite’s infrastructure is purpose-built for this actuality, absolutely built-in with Coinbase’s x402 agent cost commonplace, and leveraging stablecoins and a high-throughput blockchain to allow sub-second finality and minimal charges—unlocking financial fashions solely potential at this scale.
The Rise of Agentic Commerce as a Growth Engine: With trillions of AI brokers projected to emerge, they characterize the subsequent frontier of digital customers. Kite is integrating with main platforms like PayPal and Shopify, embedding its infrastructure to make these providers discoverable and payable by autonomous brokers. This positions Kite to seize the worth of the subsequent seismic shift in e-commerce.
“Today’s monetary infrastructure breaks when AI tries to use it,” mentioned Chi Zhang, CEO and Co-Founder of Kite. “Our mission is to construct the financial spine for the trillions of autonomous brokers coming on-line. This vote of confidence from Coinbase Ventures, alongside our present buyers, validates that the way forward for AI is not only clever—it’s agentic, and it requires an AI native system to thrive. We are placing that infrastructure in place right now.”
About Kite
Kite is constructing the first blockchain for agentic funds, a foundational infrastructure the place autonomous AI brokers can function with verifiable id and programmable governance, with native entry to stablecoin funds. Founded by AI and knowledge infrastructure veterans from Databricks, Uber, and UC Berkeley, Kite has raised $33 million from top-tier buyers, together with PayPal, General Catalyst, Coinbase Ventures, and main blockchain foundations.
For extra data, please go to the official Kite website or comply with Kite on X
About Coinbase Ventures
Coinbase Ventures backs distinctive entrepreneurs working to advance the crypto ecosystem and help Coinbase’s mission of making extra financial freedom for the world. We companion with founding groups at the earliest phases, and make investments broadly throughout all classes inside the onchain financial system. We have invested in lots of of groups constructing every little thing from layer 1 protocols, Web3 infrastructure, centralized on-ramps, decentralized finance, NFTs, metaverse applied sciences, developer tooling, and extra. We attempt to be strategic companions for founders and take a collaborative strategy to investing.
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