a16z-backed Eco launches Programmable Addresses to automate cross-chain payments
Eco, a stablecoin infrastructure platform backed by a16z Crypto, has launched Programmable Addresses, a brand new characteristic designed to automate cross-chain fund routing for builders, enterprises, and institutional customers.
Historically, customers manually bridge, swap, or redistribute crypto belongings after receiving funds.
This course of is fragmented, time-consuming, and vulnerable to error, particularly in a multi-chain surroundings the place liquidity, gasoline tokens, and pockets balances are unfold throughout totally different networks. Every step usually requires separate transactions, further charges, and publicity to bridge failures or partial execution threat.
With Programmable Addresses, Eco embeds execution logic immediately into the handle, permitting builders to automate cross-chain routing, treasury consolidation, payroll distribution, and different workflows with out handbook intervention.
“The trade has lengthy considered the receipt of funds because the conclusion of a transaction. Nevertheless, in any practical financial system, it’s only the start,” mentioned Eco CEO Ryan Saxe. “By making the handle itself an execution surroundings, we’re decreasing the coordination overhead related to cross-chain interactions. This represents a shift from a world the place receiving occurs to you, to at least one the place it’s designed for you.”
The system operates throughout EVM-compatible networks and Solana, abstracting away gasoline tokens, liquidity fragmentation, and reconciliation complexity. Powered by Eco’s intent-based execution layer and solver community, transactions settle atomically with cryptographic ensures.
Eco plans to increase assist past its present community protection and combine instruments like ERC-7715, a normal for automated pockets permissions that emerged from Ethereum’s account abstraction improvement.
Based in 2018, Eco’s objective is to make digital belongings sensible for every day monetary exercise. Along with a16z Crypto, the agency is backed by Expa, Pantera Capital, Founders Fund, and Coinbase Ventures, amongst others.
The corporate positions itself as a substitute for conventional monetary merchandise, looking for to merge financial savings and funds right into a single crypto-based pockets expertise.
