Datavault Pushes Into Banking Realm With BankWyse Acquisition
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Datavault AI Agrees to Acquire BankWyse, Adding Digital Asset Banking Capabilities
Datavault AI Inc. (Nasdaq: DVLT) has signed a definitive agreement to acquire BankWyse, a Wyoming-chartered Special Purpose Depository Institution, in a deal intended to add custody and banking capabilities to Datavault AI’s digital asset and real-world asset tokenization platform. The transaction remains subject to regulatory approval and customary closing conditions. Financial terms were not disclosed. The proposed acquisition would give Phila…
Datavault Pushes Into Banking Realm With BankWyse Acquisition
Data monetization and real-world asset tokenization company Datavault AI is set to acquire Wyoming financial institution BankWyse. “This acquisition adds the final piece to Datavault AI’s data monetization ecosystem,” the company said in a news release Wednesday (Aug. 19). “BankWyse operates under a Special Purpose Depository Institution charter granted by the state of Wyoming – generally viewed as the most innovative and digital asset advanced …
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