Datavault AI to Acquire BankWyse, Reports Strong Q2 Revenue Growth
Datavault AI Inc. (NASDAQ: DVLT) has agreed to acquire Wyoming-based BankWyse, a special purpose depository institution offering custody and commercial banking services for digital assets and fiat currencies. The acquisition aims to integrate regulated financial infrastructure with Datavault's tokenization platform, enabling customers to tokenize real-world data and assets before trading them on the company’s exchanges. The deal follows strong second-quarter performance: revenue surged 287% year-over-year to $6.7 million from $1.7 million in Q2 2025, with gross profit rising sharply as well—from just $35,000 to $2.9 million. Datavault reaffirmed its full-year 2026 revenue target of at least $200 million. The company is also advancing other strategic moves, including the recent acquisition of NYIAX and a collaboration with Fiserv, while pursuing CyberCatch for AI-driven cybersecurity capabilities.
Tickers: $DVLT
Topics: acquisition banking services revenue growth tokenization platform