AI agents can now trade crypto, manage portfolios, and pay for services autonomously. What they couldn’t do, until now, was agree on how to use a wallet. MoonPay just shipped the fix.
The crypto payments giant launched the Open Wallet Standard (OWS) on March 23, an open-source framework that gives AI agents a secure, universal interface for holding funds, signing transactions, and interacting with blockchains. Think of it as a shared language so every AI agent doesn’t have to invent its own dialect for talking to wallets. The standard is live on GitHub, npm, and PyPI, with backing from more than 15 organizations including PayPal, OKX, Ripple, Circle, the Ethereum Foundation, and the Solana Foundation.
The problem: every AI agent reinvents the wheel
Here’s the thing. The “agent economy” — where autonomous AI programs transact on behalf of users — has been growing fast. Over 340,000 on-chain wallets were held by AI agents in Q1 2026 alone. But every agent framework has been building its own key management from scratch. Every integration writes its own signing logic. A wallet created for one agent is useless to another.
The result is fragmentation that would make early Android look organized. Worse, private keys routinely end up stored in environment variables or plaintext files — the digital equivalent of taping your house key to the front door.
MoonPay discovered this mess firsthand. In February 2026, the company launched MoonPay Agents, a non-custodial software layer that lets AI agents access wallets and transact autonomously via command line. The product shipped with x402 compatibility and multi-chain support. Earlier this month, MoonPay integrated Ledger hardware signing into its agent stack, becoming the first agent-focused wallet to support hardware-backed transaction approval.
Building all of that infrastructure exposed the core problem: no shared standard existed for how AI agents interact with wallets. So MoonPay decided to create one and give it away.
“The agent economy has payment rails. It didn’t have a wallet standard. We built one, open-sourced it, and now the full stack exists.” — Ivan Soto-Wright, CEO and co-founder of MoonPay
What the Open Wallet Standard actually does
The OWS is released under an MIT license, meaning anyone can use, modify, and distribute it freely. At its core, the standard defines how AI agents should create wallets, manage keys, sign transactions, and interact with blockchain networks — all without ever exposing a private key to the agent itself.
In English: the AI agent can authorize a payment, but it never actually sees or holds the cryptographic secret that makes that payment possible. It’s like giving your assistant a corporate credit card with spending limits instead of handing them your bank login credentials.
The standard supports transactions across EVM-compatible chains (Ethereum, Base, Polygon, Arbitrum), plus Solana, Bitcoin, $TON, Tron, Sui, and others. That multi-chain coverage matters because the agent economy doesn’t live on a single blockchain. An AI agent booking compute resources might pay on one chain, then settle a data purchase on another minutes later.
The contributor list reads like a who’s who of crypto infrastructure. PayPal brings traditional finance credibility. Circle contributes stablecoin expertise. The Ethereum Foundation, Solana Foundation, $TON Foundation, and Filecoin Foundation represent the major Layer 1 ecosystems. LayerZero adds cross-chain interoperability. Virtuals, one of the leading AI agent token platforms, signals adoption from the agent side of the equation. Dynamic, Allium, Dflow, Uniblock, and Simmer.Markets round out the specialized infrastructure contributors.
That breadth of support suggests the standard has a real shot at becoming the default rather than just another open-source project that collects dust on GitHub.
Why this matters for investors and the broader market
The timing is not accidental. The AI-crypto intersection is accelerating at a pace that makes even seasoned observers do a double take. The sector’s market size is projected to grow from $5.1B in 2025 to $55.2B by 2035 — roughly a 10x expansion in a decade. Research estimates suggest AI agents could manage 30% of all crypto transactions by 2035, a figure that sounds aggressive until you consider how quickly ChatGPT went from novelty to infrastructure.
Just days before MoonPay’s announcement, Stripe and Tempo launched a micropayment platform designed specifically for AI-to-AI transactions. The convergence of these launches suggests the industry is reaching an inflection point where AI agents move from experimental curiosities to genuine economic participants.
For investors, the OWS creates a few dynamics worth watching. First, standardization tends to accelerate adoption. When every agent framework can plug into a shared wallet layer, the friction of building AI-powered financial products drops significantly. That’s bullish for the broader ecosystem but potentially challenging for companies whose competitive moat was proprietary wallet integration.
Second, MoonPay’s decision to open-source rather than monetize directly follows the classic platform play. Give away the standard, become the default infrastructure, then capture value at the edges through MoonPay’s existing payments network. It’s the same playbook Google ran with Android — and it worked out reasonably well for them.
Third, there are legitimate risks that deserve attention. Recent vulnerabilities in AI-powered smart contracts have caused losses exceeding $4.6 million. An open standard for AI agent wallets is only as secure as its implementation. The MIT license means anyone can fork it, and not everyone building on top will prioritize security the way MoonPay and its institutional contributors do. As AI agents gain more financial autonomy, the attack surface grows proportionally.
Regulatory uncertainty adds another layer of complexity. Most jurisdictions haven’t figured out how to classify AI agents from a compliance perspective. Is an AI agent a money transmitter? Who is liable when an autonomous agent makes a transaction that violates sanctions? These questions remain unanswered, and the OWS doesn’t resolve them — it just makes the technology easier to deploy while regulators are still catching up.
There’s also the question of whether crypto’s role in the agent economy is as inevitable as proponents suggest. The argument goes that traditional banking infrastructure wasn’t built for machine-to-machine payments — programmable money on public blockchains is a natural fit. That logic holds, but incumbents like Visa and Mastercard aren’t standing still. The window for crypto to become the default payment layer for AI agents is open, but it won’t stay open forever.
Bottom line: MoonPay’s Open Wallet Standard is the kind of boring infrastructure project that tends to matter more than the flashy ones. If it achieves widespread adoption — and the contributor list suggests it might — it becomes the plumbing that the entire AI agent economy runs on. The agent economy is coming whether the standard succeeds or not. But a shared wallet layer could be the difference between that economy arriving in two years versus five, and between it running on crypto rails versus traditional ones. For an industry that loves to talk about the future, this is one of those rare moments where someone actually shipped a piece of it.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
