Foundation Raises $6.4M in Fulgur-led Round to Launch Passport Prime, a ‘Human Authority’ Device to Keep AI Agents in Check
Foundation secured $6.4M in Fulgur Ventures-led funding to launch Passport Prime, a hardware device designed to authorize AI agent actions through mandatory human approval. The device combines Bitcoin custody, authentication, and encrypted storage on KeyOS, an open-source microkernel OS. Priced at $349, it addresses growing security risks as autonomous AI systems gain access to financial and enterprise tools.
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Variational, an onchain derivatives protocol, raised $50 million led by Dragonfly to expand perpetual futures on real-world assets like gold, oil, and copper. The Cayman Islands startup, which processed $200 billion in trading volume since 2025, aims to aggregate traditional and crypto liquidity for 100+ contracts with institutional-grade depth, positioning RWA perpetuals as DeFi's next major growth frontier.