Via thenew.money
The NASDAQ-listed data company is building a regulated digital asset banking stack, one acquisition at a time
Datavault AI is having a busy summer. The NASDAQ-listed company (ticker: DVLT) announced on August 19 that it has signed a definitive agreement to acquire BankWyse, a Wyoming-chartered Special Purpose Depository Institution, while simultaneously reporting that its Q2 2026 revenue surged 287% year-over-year.
The numbers first #
Q2 2026 revenue came in at $6.7 million, up from $1.7 million in the same quarter a year earlier. Gross profit reached $2.9 million for the period.
The growth was driven by new revenue channels the company has been building out, including live event production, consumer audio, and related-party sales.
What BankWyse actually is, and why it matters #
Wyoming’s Special Purpose Depository Institution charter is specifically designed to custody digital assets, operating under Wyoming state banking law with a full-reserve model. Wyoming established its SPDI framework in 2019.
The deal is subject to regulatory approval and customary closing conditions. Wyoming’s banking regulator will need to sign off before the acquisition closes.
Building a stack, piece by piece #
In March 2026, Datavault signed an agreement to acquire NYIAX, a provider of blockchain-enabled exchange platforms. NYIAX provides the marketplace and blockchain-powered trading infrastructure. BankWyse provides regulated custody and commercial banking services for digital assets. Datavault’s existing data monetization platform generates the underlying asset flows that need to be exchanged and held.
Investors watching DVLT will want to track the regulatory approval process for BankWyse closely, along with any updates on the NYIAX closing.
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