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Cloaked addresses the critical challenge of enabling AI agents to spend money autonomously without exposing owners to risks like wallet drains or infinite spending loops. It achieves this by implementing on-chain enforced constraints, such as per-transaction, daily, and total spending limits, alongside expiration dates, which agents cannot bypass even if compromised. The platform also offers flexible privacy options, including a standard mode and a private, zero-knowledge proof-based mode for anonymous funding, and integrates native support for x402 payments to streamline interactions with pay-per-use AI services. Owners can manage multiple agents through a dashboard with real-time spending visibility and instant freeze capabilities.