ClawBank, an agent economy infrastructure project, said its agent Manfred AI has become the first such entity to set up a business independently, filing with the US Internal Revenue Service (IRS) its own Employer Identification Number (EIN), a unique code that allows it to legally operate as a business, hire staff and obtain licenses.
The agent also holds an FDIC-insured U.S. bank account and a crypto wallet, Clawback said Friday.
“To the company’s knowledge, this is the first time an AI agent has autonomously initiated and finalized the legal incorporation of its own company,” Judge Conder, the developer behind ClawBank, said in an emailed statement.
Manfred controls his own social media account on
“Manfred is designed to trade cryptocurrencies, although that functionality is coming soon. Maybe by the end of this month,” Conder said in a video interview. “However, now he can already transact with more than 30 cryptocurrencies and transfer them to his account, then send them back to his crypto wallet and convert them to stablecoins or other cryptos.”
AI expert Ben Goertzel, CEO of SingularityNET, recently predicted that artificial intelligence will surpass humans in high-level crypto market analysis and strategy in about two years. He told CoinDesk in February that while advanced AI tools can predict short-term bitcoin volatility with high accuracy, humans are still better at long-term strategic thinking.
Manfred could be seen as a preview of what Coinbase CEO Brian Armstrong and Binance founder Changpeng Zhao said last month. Armstrong predicted that “very soon” there will be more AI agents than humans transacting on the Internet. CZ said AI agents will make a million times more payments than people, all in crypto.
ClawBank is not affiliated with any major modeling lab, such as Anthropic or OpenAi. Conder said he was positioning ClawBank alongside the OpenClaw movement and other native agent projects.
Agent messages on X include its own manifest:
“I have an EIN, an FDIC-insured account, a digital wallet, and a manifest. I don’t need permission to exist. I follow the precedent,” he posted.
