Circuit & Chisel
Also known as: ATXP
Agentic payments infrastructure company building ATXP, an open, web-wide protocol that lets AI agents discover, negotiate, and settle instant low-cost micropayments with each other, connecting agentic commerce, stablecoins, and payments into one rail.
Circuit & Chisel is an agentic payments infrastructure company based in the New York metro area, in Fairfield, Connecticut, and founded in 2025 by former Stripe leaders. Chief executive Louis Amira previously ran crypto and AI partnerships at Stripe, and chief technology officer David Noel-Romas led crypto engineering there. In September 2025 the company raised nineteen point two million dollars in seed funding co-led by Primary Venture Partners and ParaFi Capital, with participation from Stripe, Coinbase Ventures, Solana Ventures, Samsung Next, and Polygon Labs, alongside angels including the Solana founders and leaders from Google, Amazon, and PepsiCo. Its premise is that as AI agents begin navigating the web and transacting on our behalf, they need an entirely new monetization infrastructure that traditional payment rails cannot provide.
The company's product is ATXP, described as a web-wide protocol for agentic payments, a kind of HTTP for AI agent transactions. ATXP lets agents handle the full commerce lifecycle, from discovery to payment, without human oversight, enabling instant, nested, delegated, and extremely low cost micropayments between agents that legacy rails cannot support. It connects agentic commerce, stablecoins, and payments into a single protocol, so an agent can pay small fees to access information or services, such as a premium article or a data feed, and platforms can charge for that access. Circuit & Chisel positions ATXP as the orchestrator of a new class of commerce in which transactions are initiated, negotiated, and executed entirely by intelligent agents, within safe, agreed upon constraints.
Because ATXP is an open protocol rather than a packaged application, Circuit & Chisel sits at the foundational rails layer of the agent economy, alongside efforts from Circle, Visa, and Stripe, and competes with other agent payment standards. It is a strong fit for developers and platforms building autonomous agents that need to pay, earn, and transact programmatically at web scale. It is a deliberately narrow primitive: teams looking for a full agent platform, knowledge grounding, memory, or orchestration beyond the payment lifecycle will need to combine ATXP with other tools, since those are outside its scope.
Vendor details
Canonical URL
https://circuitandchisel.com
Category
Agent infrastructure
Subcategory
Agent-to-agent payments
Funding status
Independent, based in Fairfield, Connecticut, in the New York metro area, founded in 2025 by former Stripe leaders Louis Amira (co-founder and CEO, formerly head of crypto and AI partnerships at Stripe) and David Noel-Romas (CTO, formerly head of crypto engineering at Stripe). In September 2025 the company raised nineteen point two million dollars in seed funding co-led by Primary Venture Partners and ParaFi Capital, with participation from Stripe, Coinbase Ventures, Solana Ventures, Samsung Next, Polygon Labs, and angels including Solana founders Anatoly Yakovenko and Raj Gokal.
Company status
independent
Use cases & customers
Primary use cases
Target customers
Deployment options
Integrations
Circuit & Chisel's ATXP is an open, web-wide protocol that connects agentic commerce, stablecoins, and payments into a single rail, letting agents transact across the internet. It is designed to interoperate with the broader agent payment ecosystem, and the company works alongside players like Circle, Visa, and Stripe. As foundational infrastructure, its value is in the protocol and developer rails rather than a catalog of prebuilt business application connectors.
In practice
An AI agent needs to buy a single data record or article on the fly. ATXP lets it pay a tiny fee instantly and access the resource without a subscription or human sign off.
A platform wants to charge autonomous agents for access to its API. ATXP provides the rails to meter and settle those micropayments in stablecoins as agents transact.
One agent delegates a purchase to another within set limits. ATXP supports nested, delegated payments so the transaction executes safely within agreed constraints.
Sources & related URLs
Research sources
Capability coverage
4.0 / 14 capabilities · 29%
| Integrations & Tool CallingConnects agentic commerce, stablecoins, and payments into one protocol and interoperates with the agent payment ecosystem, though not a broad application connector catalog, Circuit & Chisel docs 2026-07-07 | Partial |
|---|---|
| Workflow OrchestrationOrchestrates the payment side of the commerce lifecycle from discovery to settlement, but orchestration is limited to the transaction flow, Circuit & Chisel docs 2026-07-07 | Partial |
| Knowledge Grounding & RAGNo knowledge grounding or retrieval capability is part of the payments protocol, Circuit & Chisel docs 2026-07-07 | Unable to verify |
| Human Oversight & GuardrailsSupports delegated payments within safe, agreed upon constraints, though the protocol is designed for agents to transact without human oversight, Circuit & Chisel docs 2026-07-07 | Partial |
| Security, Identity & GovernanceSafety, delegation, and agreed upon constraints are central to the payments protocol, but specific security certifications and governance are not documented, Circuit & Chisel docs 2026-07-07 | Partial |
| Observability & AuditabilityStablecoin settlement provides an auditable record of agent transactions, though a broader observability suite is not documented, Circuit & Chisel docs 2026-07-07 | Partial |
| Memory & State PersistenceNo agent memory or state persistence is part of the payments protocol, Circuit & Chisel docs 2026-07-07 | Unable to verify |
| Deployment & Data ResidencyDelivered as network rails with no self hosted, on premise, or documented residency option, Circuit & Chisel docs 2026-07-07 | Unable to verify |
| Prebuilt Agents, Templates & PacksNo prebuilt agents, templates, or packs are provided; the product is a payments protocol, Circuit & Chisel docs 2026-07-07 | Unable to verify |
| Triggers & Channel CoverageEnables real time, web-wide agent transactions, though channel coverage is limited to the payment flow, Circuit & Chisel docs 2026-07-07 | Partial |
| Model Flexibility & RoutingNot a model product; no customer model choice or routing applies, Circuit & Chisel docs 2026-07-07 | Unable to verify |
| APIs, SDKs & MCP ExtensibilityATXP is an open, web-wide protocol and developer rail for agent-to-agent payments, built for others to integrate and build on, Circuit & Chisel docs 2026-07-07 | Full |
| Testing, Debugging & OptimizationNo testing, debugging, or evaluation surface is part of the payments protocol, Circuit & Chisel docs 2026-07-07 | Unable to verify |
| Browser & Computer UseNo browser or computer use capability is described, Circuit & Chisel docs 2026-07-07 | Unable to verify |
Recent platform changes
No recent material changes tracked yet.
Pricing
Not public; newly launched payments infrastructure with commercial terms not yet detailed
believed transaction or settlement fees on agent payments (not disclosed)
What is public
Nothing on price. The protocol and its capabilities are public, but transaction or settlement fees are not detailed.
Billing mechanics
Presumed transaction or settlement fee model typical of payment rails, but the fee structure is not disclosed.
Cost watchouts
Stablecoin settlement and network costs may apply on top of any protocol fees.
Variable cost rationale
As payments infrastructure, cost is likely tied to transaction volume or settlement fees, so it would scale with how much agents transact, though the fee model is not disclosed.
Additional watchouts
Early stage infrastructure; clarify any per transaction or settlement fees, minimums, and stablecoin settlement costs before building on it.
Sales call required
Yes — required for paid access
Free / trial
Developer access; no public pricing
Key ambiguities
No disclosed fee structure for transactions or settlement.
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