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Nasdaq-listed company Datavault AI and Kings Mine Capital reach over $150 million gold tokenization plan
Nasdaq-listed company Datavault AI (NASDAQ: DVLT) and King Mining Capital announced that they have reached a multi-component strategic transaction agreement. Under the agreement, Datavault AI will receive a 5% equity stake in King Mining Capital and plans to launch a GoldVault™ gold tokenization initiative with a scale of more than $150 million. The initiative will use Datavault AI’s blockchain platform to mint digital tokens, with each token representing proportional ownership of underlying physical gold assets, and token holders will also receive a royalty stream linked to mine output. In addition, Datavault AI is expected to have the right to purchase 20,000 ounces of physical gold from King Mining Capital.