Anchorage Launches Agentic Banking With Google Cloud

Anchorage, a regulated crypto bank, on Tuesday introduced an agentic banking service that lets software agents access and move funds across traditional finance and crypto payment rails. The company announced the product and a partnership with Google Cloud at the Consensus 2026 conference in Miami.

The service issues verifiable digital IDs to agents, enforces preset spending limits and configurable permissions, and records audit trails for transactions. Anchorage described the controls as bank-backed and designed to allow machines to operate without human intervention while keeping activity traceable.

Google Cloud will provide an intelligence layer that helps agents discover services, negotiate terms and coordinate payments, the company stated. Anchorage framed the product as support for automated workflows in corporate treasury, payments and procurement.

In a post on X and in remarks at the conference, CEO Nathan McCauley projected a $1 trillion market for agent-to-agent and agent-to-merchant payments. “This is, in my view, set to be a trillion-dollar industry where we are going to have agents paying each other, agents paying merchants, and agents getting paid,” McCauley wrote.

The announcement follows other recent efforts to give AI agents payment capabilities. The Solana Foundation launched a gateway with Google Cloud to let agents pay for APIs using stablecoins on Solana. Oobit introduced Visa-supported virtual cards funded from Tether reserves so agents can make online purchases with USDT without manual fiat conversions.

Some industry participants have raised capacity questions. Earlier this year, Stripe estimated blockchains may ultimately need throughput between one million and one billion transactions per second to meet demand from autonomous agents.

Anchorage noted the product includes identity verification, enforceable spending limits, configurable permissions and audit logs, and mentioned use cases such as supplier payments and automated subscription renewals. The company did not disclose pricing or a general availability date.

Oliver Segovia, a researcher at Ripple Labs and a former head of product marketing, wrote on X that the partnership reflects closer ties between technology labs and regulated banks. “Hyperscalers typically viewed banks as tier 1 enterprise customers, but moving forward, we’ll start seeing more alliances as labs get deeper into regulated infrastructure and banks build intelligence on top of core systems,” he wrote.