Catena Labs raised $30M Series A and filed for a national trust bank charter to support agentic finance applications.
VC & Fundraising ·
Catena Labs closed a $30 million Series A funding round led by Acrew Capital and a16z crypto, according to reporting on the financing. The company simultaneously filed an application for a national trust bank charter with the Office of the Comptroller of the Currency, a regulatory step intended to enable it to offer banking services for agentic finance use cases.
The filing represents an effort to establish formal banking infrastructure tailored to autonomous financial applications powered by AI agents. Obtaining a national trust bank charter would allow the company to operate as a depository institution and provide trust services, bridging the gap between decentralized finance operations and traditional regulatory frameworks that govern banking.
The timeline for the OCC's review of the charter application and the specific scope of services Catena Labs plans to offer under such a license remain unclear. Details about how the Series A capital will be allocated between product development, regulatory compliance, and business operations have not been disclosed.