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Datavault AI to acquire BankWyse in move to expand tokenization banking
Datavault AI said Q2 revenue climbed 287% year over year to $6.7 million as it signed the acquisition, and the full-year 2026 revenue target remains at at least $200 million.
Datavault AI has agreed to acquire BankWyse, a Wyoming-chartered special purpose depository institution, in a deal that would add regulated custody and commercial banking capabilities to its tokenization platform, according to Yahoo Finance.
The companies said the agreement is subject to regulatory approval and customary closing conditions. BankWyse combines qualified custody with commercial banking services across both digital assets and fiat currencies, which Datavault expects to integrate into a stack built around data valuation, tokenization, and exchange infrastructure.
Datavault described a future pathway for customers to bring data and real-world assets onto the platform, have those assets valued and tokenized, hold them in custody, and later trade them through Datavault-operated exchanges. The acquisition is also framed as part of Datavault's broader effort to turn its infrastructure buildout into recurring revenue and active markets for tokenized assets.
The acquisition announcement came alongside Datavault's results, with Yahoo Finance reporting that second-quarter revenue rose 287% year over year to $6.7 million, and gross profit increased to $2.9 million from $35,000 a year earlier. Datavault reiterated its full-year 2026 revenue target of at least $200 million, while also continuing work including its NYIAX acquisition, a Fiserv collaboration, and development of its SanQtum edge-computing network.