Nava completes $8.3 million seed round, co-led by Polychain and Archetype

Techub News, according to Fortune, financial services company Nava has completed an $8.3 million seed funding round, co-led by Polychain and Archetype. The company aims to create a custody service to prevent AI agents from engaging in misconduct by holding funds until an agent proposes a transaction. Once an agent proposes a transaction, Nava uses a verification framework to determine whether the agent's transaction outcome aligns with the user's intent. The reasons for accepting or rejecting any transaction are recorded on the blockchain, thereby creating a public decision ledger that can be referenced.

Vyasa Krishnan, CEO and co-founder of Nava, stated that Nava currently operates on a Layer 3 blockchain built on Arbitrum and will also have a parallel deployment on Tempo. Additionally, Nava plans to issue a native stablecoin for "underwriting agent operations through this protocol."