Datavault AI Agrees to Buy BankWyse, Reports 287% Q2 Revenue Growth

Datavault AI Inc. (NASDAQ: $DVLT) has agreed to acquire Wyoming-chartered BankWyse, adding regulated custody and commercial banking capabilities to a tokenization platform that is beginning to show stronger revenue growth.

The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital assets and fiat currencies.

Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world assets onto the platform, have those assets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.

The agreement arrives alongside a stronger second quarter. Revenue rose 287% year over year to $6.7 million from $1.7 million, while gross profit increased to $2.9 million from just $35,000 a year earlier. Datavault reiterated its full-year 2026 revenue target of at least $200 million.

That target still leaves a wide gap between current recognized revenue and the commercial pipeline the company is building. During the quarter, Datavault completed its acquisition of NYIAX, advanced its Fiserv collaboration and continued development of its SanQtum edge-computing network. It is also pursuing the acquisition of CyberCatch to add AI-enabled cybersecurity and compliance capabilities.

CEO Nathaniel Bradley said the company’s focus for the second half of 2026 is “launching our exchanges, scaling SanQtum and converting our contracted opportunities into commercial activity and recognized revenue.”

BankWyse adds another piece to that effort. If approved, Datavault would control banking, custody and exchange infrastructure around a tokenization business that has so far been defined largely by signed contracts, planned issuances and platform buildout.

The next phase will depend on how quickly that infrastructure turns into recurring revenue and active markets for tokenized assets.

Datavault AI Inc. (NASDAQ: DVLT) is currently trading at $0.31 U.S. per share.