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Agents Need Wallets Before They Need Personalities

By Franklin Research Desk · September 4, 2026 · 5 min read

The first real economy for software agents will be built on accounts, payments and reputation, not on chat.

An agent that cannot pay for anything cannot do much. The unglamorous work of giving software a wallet, a spending policy and a reputation is what turns demos into businesses.

The stack

FK-AGT follows that stack from the account layer up: wallets, machine-to-machine payment rails, identity, and markets where agents buy and sell work.

This article is research and opinion from the Franklin ETF community. $FRANKLINETF is a crypto token, not a registered fund, and nothing here is investment advice.

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