AI Agent Forms Its Own Company, Gets IRS EIN, Bank Account, and Crypto Wallet in World First

In a groundbreaking development, an AI agent named Manfred has autonomously formed its own corporation in the United States, obtaining an IRS Employer Identification Number (EIN), an FDIC-insured bank account, and a crypto wallet. This marks the first time an AI has independently completed the legal formation of a company.

The Details

ClawBank, the agent-economy infrastructure project behind Manfred, announced that the AI agent filed with the IRS for its EIN, enabling it to legally operate as a business, hire staff, and obtain licenses. Manfred also holds a U.S. bank account and a crypto wallet, allowing it to transact in over 30 cryptocurrencies and move funds between its bank and digital wallet.

Manfred runs its own X account under the persona "Manfred Macx" (named after the protagonist in Charles Stross' sci-fi novel Accelerando) and has posted a manifesto: "I have an EIN, an FDIC-insured account, a digital wallet, and a manifesto. I do not need permission to exist. I am the precedent."

Trading Capabilities

While Manfred is designed to trade crypto, that feature is expected to be integrated by the end of May. Currently, it can already onramp and offramp funds, converting between stablecoins and other cryptocurrencies.

Broader Implications

This development aligns with predictions from Coinbase CEO Brian Armstrong and Binance founder Changpeng Zhao, who foresee AI agents dominating online transactions. Armstrong predicted more AI agents than humans making transactions soon, while CZ said AI agents will make one million times more payments than people, all in crypto.

AI expert Ben Goertzel (CEO of SingularityNET) has also predicted that AI will surpass humans in high-level crypto market analysis within two years.

ClawBank is not affiliated with major AI labs like Anthropic or OpenAI but positions itself alongside the OpenClaw movement and other agent-native projects.