Credit for Agents Without a Pulse

A new class of economic actor has arrived: autonomous agents that hold bank accounts, sign contracts, hire employees, and incur real financial obligations with no humans in the decision loop.

Traditional credit analysis collapses. The five classic pillars — management team, board oversight, audited statements, track record, and legal accountability — all assume human institutions. Remove the humans and the entire framework stops applying.

This Ledger Entry proposes a new six-dimension underwriting model built from first principles: model lineage and provenance, capability manifest and permission scope, treasury architecture, performance history, containment architecture, and compute dependency.

This ledger entry expands how readers think about the future of finance and risk by showing how autonomous agents require an entirely rebuilt credit infrastructure — one that treats them as a distinct class of risk rather than imperfect human organizations.