Ivy is now Augustus We have received conditional approval to charter the first clearing bank for the AI era. An intelligent bank, purpose-built around programmable money and stablecoins. Always open. Made for machines. At the speed of compute. A new era. A new brand. A new foundation for financial infrastructure. Long live Augustus!
There is so much to be said about the bank charter, the approval and how we’re re-thinking clearing for the AI era. But first, I wanted to take 2 minutes to talk about why “Augustus”. Augustus was the inventor of modern currency. When he came into power every province had their own coin. He centralized the mint, the coinage and invented what we still know today: The national currency system. Augustus was the original underdog. When he was named Julius Caesar’s heir, there were easily 10 people who were objectively more likely than him to win in the following struggle for power. He still succeeded, against all odds. Today, I’m proud of a team that also succeeded, against all odds. Who would have thought we’d actually pull it off? And I’m proud of a team that is re-inventing money one more time. I think it’s an important mission: Hard currencies are the best product in the history of the world, but distribution is broken. If we want to secure Western Currency dominance, we need to fix that. Long Live Augustus!