Kite AI describes itself as “the trustless payments base layer for the agentic internet,” designed to enable autonomous AI agents to coordinate and transact onchain using stablecoin payment rails.

Project Function

Kite AI is a purpose-built, EVM-compatible Layer-1 blockchain (Proof-of-Stake) that aims to provide infrastructure for the agentic economy. The protocol combines verifiable onchain identity for agents (Agent Passports), programmable policy controls via smart contracts, and stablecoin-oriented payment rails optimized for machine-to-machine transactions.

KITE Utility

KITE is designed to support multiple functions across the Kite network:

• Staking for network security (validators and delegators)

• Supporting transaction fees and gas mechanisms

• Enabling ecosystem participation and incentives across Kite’s modular architecture

• Governance participation (as onchain governance is introduced)

About the Founders

Kite AI is backed by a private software development company, Kite AI Ltd., registered in the British Virgin Islands (BVI). The project has raised funds across private rounds and reports backing from a range of strategic investors.

Risks of KITE

Like an investment in other crypto assets, there are some general risks to investing in KITE. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in KITE is subject to the following specific risks:

• KITE operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with KITE. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The KITE community and Kite founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of KITE have no recourse to the KITE community, Kite founding team, or Uphold if KITE declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold's Evaluation Process

Prior to listing KITE on the Uphold Platform, Uphold performed due diligence on KITE and determined that KITE is unlikely to be a security or derivative under relevant securities legislation. Uphold's analysis including reviewing publicly available information on the following:

• The creation, governance, usage, and design of KITE, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.

• The supply, demand, maturity, utility, and liquidity of KITE.

• Any marketing materials put forward by the KITE social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

• Material technical risks associated with KITE, including any code defects, security breaches and other threats concerning KITE and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

• Legal and regulatory risks associated with KITE, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of KITE.