Imagine you are the CFO of a large enterprise.
While keeping an eye on Trump-style tariffs and geopolitical risks, you also face the soul-searching question from the board:
"Why do we have so much USDC and stablecoin positions sitting idle earning interest, instead of seizing RWA and money market opportunities?"
Two days ago, JPMorgan put the answer in the headlines — the first tokenized money market fund MONY launched on Ethereum: subscribe with USDC, hold shares on-chain, earn interest daily, with underlying assets still being short-duration U.S. Treasuries and commercial papers, it’s the money market fund you’re familiar with, just the account has moved from Excel to the chain.
Behind this step is one of the toughest narratives for 2025: RWA + stablecoins + tokenized assets. From CoinGecko to various research institutions, almost all '2025 narrative lists' put tokenization in the forefront—stablecoins, tokenized bonds, money market funds, and DePIN become the main battleground for institutional allocations.
But the real question is—
When JPM issues MONY on Ethereum,
your enterprise, your DAO, your treasury will soon have a group of AI financial agents moving bricks between different RWAs and stablecoin pools.
At that time, who will keep the ledger for these AI agents?
This is the position Kite aims to occupy:
While many talk about 'RWA' and 'tokenization', Kite positions itself as a general ledger chain for 'AI financial agents + stablecoins + tokenized assets'—an EVM-compatible blockchain designed specifically for AI agents.
Today's corporate finance departments have already been quietly infiltrated by Agentic AI:
The German Federal Statistical Office calculated that companies lose about 15 billion euros each year due to invoice errors and reconciliation mistakes,
So Visa and others promote 'B2AI' in B2B—allowing AI agents to automatically reconcile, identify errors, and initiate payments.In use cases provided by consulting firms, the first scenarios to adopt AI agents are:
Invoice matching, accounts receivable and payable, cash flow forecasting, and budget execution, the entire accounts payable process being taken over by agents.
Translated into plain language:
The CFO is handing over part of the power of 'calculating money' and 'spending money' to AI that can sign for itself.
The problem is, most of these AI financial agents are currently stuck in two layers of human infrastructure:
Human banking system
SWIFT, ACH, wire transfers, card organizations, various cutoff times, compliance black boxes;
Any cross-border settlement may get stuck in the compliance queue of an intermediary bank.
Human ledger and approval
Budgets are written in PDFs and emails, risk control rules are written in policy manuals;
The AI agent clicked 'pay' in the ERP, but the underlying logic is still 'humans assume you follow the rules'.
This contrast becomes even more apparent after JPM launches MONY and the GENIUS Act establishes stablecoin legislation:
On one side, there's the USDC subscribed money market funds, the 7×24 shares and income accounting on-chain;
On the other side, there are still invoice systems and Excel ledgers relying on manual approvals.
You move assets onto the chain, but let AI agents run amok off-chain.
The real single point of risk is actually here.
Kite's approach starts from chain-level specifications, reassembling the components of 'AI financial agents + stablecoins + tokenized assets.'
First, look at identity and permissions.
Kite's white paper breaks down the identity structure into three layers:
User Layer:
Humans or institutions are the legal owners of assets;
Private keys, auditing responsibilities, and regulatory interfaces are all in this layer.
Agent Layer:
Each AI financial agent has its own address and wallet, associated with a specific User;
Its 'permissions' are not a single API Key, but a complete set of on-chain configurations:
Which stablecoin pools can be accessed (USDC, PYUSD, etc.);
Whether certain types of RWA shares can be accessed (such as tokenized MMFs like MONY);
In which regions and with which counterparties are they completely prohibited?
Session Layer:
Each budget cycle, each round of rebalancing, and each RWA subscription opens a new Session;
Sessions have independent session keys, single transaction limits, and time windows, and expire when concluded.
This sounds very engineering-oriented, but for the CFO, it answers three very specific questions:
Where did this USDC come from (User)?
Which AI financial agent made the decision (Agent)?
What budget cycle and strategy was the decision made under (Session)?
In the context of increasing RWA pools like JPM's MONY, BlackRock's BUIDL, and various treasury RWAs,
you no longer need to rely on 'who sent the email' or 'who said yes in the meeting' to hold accountable,
The ledger itself writes the responsibility path in stone.
The second layer is "budgets and risk controls also on-chain."
In traditional finance, budget execution relies on two things:
Rules in SAP/Oracle + human approval flows;
Company cultures and systems that state 'certain behaviors are not allowed.'
Once the AI agent takes over finance, if you still expect everyone to 'consciously comply with company policies', you're essentially sending an invitation to future black swans.
What Kite is doing here is translating the CFO's ideas into on-chain Programmable Constraints:
Here's a very specific example:
you can issue a passport to a 'Yield Agent' with rules like these:
Operations can only be conducted in RWA pools rated A and above, with underlying assets being short-term U.S. Treasury bonds or treasury bills (including tokenized money market funds like MONY);
Positions cannot be held for more than 397 days (in line with the regulatory framework for money market funds);
No single issuer can exceed 10% of the portfolio;
Assets on any sanctions list or in high-risk jurisdictions are strictly prohibited;
The maximum daily rebalancing limit cannot exceed 5% of the treasury balance, and the maximum VaR for a single week cannot exceed the threshold set by the CFO.
This entire set is not written in the risk control manual, but in smart contracts and AA wallets.
When AI agents intend to 'go all in on a high-yield RWA pool', the contracts on the Kite chain will calmly refuse:
"You have already touched the limits on portfolio duration and concentration; this transaction is not permitted at the protocol level."
For traders used to looking at VaR and limits tables, this is the first time these numbers are written directly into the on-chain execution environment, rather than being chased post-factum through audits.
The third layer is the core of Kite: payments and settlements need to be rewritten for the Agent.
If you look closely at the string of news this year, you'll find a consensus:
Visa promotes Intelligent Commerce, allowing AI agents to directly swipe tokenized cards.
Google teams up with Mastercard and PayPal to develop AP2, using encrypted authorization contracts like 'Mandates' to establish payment standards for AI.
JPM, BlackRock, and major asset management giants are racing to tokenize money market funds and bond pools, with entry supporting USDC.
Everyone is actually answering the same question:
"When enterprises start letting AI agents manage cash and RWA positions,
which track will these things settle through?"
Kite's choice is to become a settlement layer specifically for AI and RWA.
Technically, it does a few things:
EVM-compatible L1 + Agent-native runtime
For developers, it's still the Solidity/ETH toolchain;
But optimizations for agentic payments have been made at runtime:
1 second block time;
Single transaction gas costs targeting the $0.000001 level, suitable for high-frequency micropayments and RWA yield distribution.
x402 payment primitives embedded on-chain
The x402 promoted by Coinbase was originally intended for AI to use HTTP 402 as a payment standard,
Kite is one of the first L1s to implement x402 intents at the chain level:
AI financial agents can express 'subscribe to MONY for 1 million shares' and 'redeem 20% of the position to USDC' in a unified format;
Contracts are responsible for verifying whether the intentions meet budget constraints and compliance rules.
State Channels + Streaming Payments
The subscription/redemption frequency of RWAs is not high, but linked to them are a large number of receivables and payables billed by the minute or second:
Computing power leasing, API access, on-chain data subscriptions;
These expenses can be settled through Kite's state channels in a streaming payment manner;
The final net amount falls back to a small number of on-chain stablecoin transfers, avoiding burning gas on noise.
Layer these together, and you'll get a very clean picture:
Asset side:
Money market funds, treasury pools, tokenized RWA positions, running on Ethereum and other mainnets;
Funding side:
Stablecoins (USDC, PYUSD, etc.) serve as a unified settlement medium, running on Kite's agent-native channel;
Decision side:
AI financial agents take over rebalancing and cash management through x402 intents + Agent Passport;
Audit side:
All 'who authorized which intent, which Agent executed what in which Session' is recorded on the Kite chain.
You earn on the mainnet, and record the flows on Kite.
So what role does $KITE play here?
From Binance Research, Launchpool announcements, and external analyses, Kite's economic design basically packages the entire chain into a single trade:
As collateral for gas and security layer:
PoS staking KITE ensures settlement security;
PoAI distributes part of the rewards to nodes and modules that truly support AI and RWA.
As the 'service fee currency' of the Agent ecosystem:
Various agent modules (risk control, KYC, risk pricing) can charge with KITE;
The protocol layer directs the stablecoin flow back to KITE's demand through fees, incentives, and buybacks.
As an anchor point for governance rights:
Which RWA contracts and funding pools can be invoked by the Agent Passport;
How to update risk control templates and compliance whitelists;
Ultimately landing in the voting of KITE holders on-chain.
In simple terms:
KITE is the stake you put down on whether the entire narrative of 'AI financial agents + stablecoins + tokenized assets' can take off.
When JPM issues MONY on Ethereum, Visa promotes Intelligent Commerce, and Google pushes AP2,
Kite quietly says, 'Then let's move the ledger and payments of AI agents over here to be recorded.'
From the perspective of 'seeking the sword in the boat', I wouldn't describe Kite as something that 'replaces SWIFT' or 'moves Wall Street entirely on-chain' in marketing phrases.
What I'm more concerned about is the gap it steps into:
Above, Trump and central banks are playing with tariffs, sanctions, and interest rates,
on the side, JPM and BlackRock are rebuilding the asset side with tokenized money market funds, RWAs, and stablecoins,
offline, the CFO is handing over budgets and reconciliations to Agentic AI,
the middle layer of 'which ledger does the AI financial agent use to record stablecoin and RWA flows' is still empty today.
What Kite is doing now is to first record this ledger according to its own rules.
As for $$KITE whether it will grow into the settlement base for the 'AI agent economy' is an answer that the market and time will provide in the upcoming cycles.
Disclaimer:
The above content is a personal research perspective from 'seeking the sword in the boat' based on public news, Binance Research reports, and Kite's official white paper, for information sharing only, and does not constitute any investment or trading advice. Operations involving $KITE, stablecoins, RWAs, tokenized assets, or other crypto protocols carry multiple risks including price volatility, liquidity, technology, and compliance. Please conduct your own independent research (DYOR) and be independently responsible for every authorization and transaction you make on any chain.@GoKiteAI $KITE #KITE
