Tron expands AI Fund to $1B and launches OWS supporting multi chain wallets with local key storage and secure transaction signing
Tron Expands AI Fund To 1 Billion To Back Agentic Economy Projects as the network increases its focus on AI and blockchain integration.
The updated fund targets early stage startups and acquisitions building infrastructure for autonomous financial systems.
Tron Increases Funding to Support AI and Blockchain Integration
Tron has expanded its AI Fund from $100 million to $1 billion to support the agentic economy.
The fund will target early stage companies and strategic acquisitions. These firms will build systems that combine AI with blockchain-based finance.
The company stated that the initiative follows its 2023 thesis on AI and blockchain convergence.
It expects growing demand for programmable and permissionless financial infrastructure. The expanded fund reflects a broader effort to support this transition.
The investment focus includes agent identity systems and stablecoin based payment rails.
It also covers tokenized real world assets and developer tools. These areas are seen as key components of autonomous financial systems.
Open Wallet Standard Introduced for Cross Chain Wallet Access
Alongside the fund expansion, Tron introduced the Open Wallet Standard, known as OWS.
The protocol is open source and designed for AI agents and developer tools. It provides a unified way to store keys and sign transactions across blockchains.
OWS supports multiple networks including EVM chains, Solana, Bitcoin, Tron, TON, and Cosmos.
It uses a single BIP 39 seed phrase to derive accounts across chains. This approach reduces the need for separate wallet systems.
Tron stated that OWS offers “one vault, one interface, every chain.” The system is designed to reduce risks linked to private key storage.
It also aims to simplify wallet management for developers working across multiple ecosystems.
Related Reading: Tron Ranks No.1 in Blockchain Revenue, Beats All Competitors
Local First Wallet Model Supports Agent Deployment
The Open Wallet Standard uses a local first architecture for key management and signing.
Private keys are encrypted using AES 256 GCM and a scrypt key function.They decrypt the keys only during signing and then remove them from memory.
Tron noted that many AI agents now operate on local systems and private servers.
In such setups, local signing can reduce latency and avoid reliance on external services. This approach supports faster execution for high frequency tasks.
The company also stated that cloud based wallet services can introduce delays and added costs.
By keeping operations local, the system limits external dependencies. Tron Expands AI Fund To 1 Billion To Back Agentic Economy Projects as it combines capital investment with infrastructure development.
Source: https://www.livebitcoinnews.com/tron-expands-ai-fund-to-1-billion-to-back-agentic-economy-projects/
