ME News reports that on April 30 (UTC+8), Nasdaq-listed Datavault AI announced a strategic partnership with King Mining Capital to jointly launch the GoldVault™ gold tokenization initiative, with a scale exceeding $150 million, alongside concurrent initiatives in equity investment, physical gold acquisition, and mineral revenue-linked structures. Under the agreement framework, Datavault AI will receive a 5% equity stake in King Mining Capital and an additional 5% warrant upon completion of the tokenization project. The company also plans to acquire 20,000 ounces of physical gold through a stock payment at a 30% discount. (Businesswire) (Source: ODAILY)
Datavault AI and Kings Mine Capital Launch $150M Gold Tokenization Plan
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Summary
Datavault AI, a Nasdaq-listed company in AI and crypto news, announced on April 30 (UTC+8) a $150 million gold tokenization initiative in partnership with Kings Mine Capital. The collaboration includes equity stakes, physical gold purchases, and mining revenue-sharing structures. Datavault will receive 5% equity and 5% warrants in Kings Mine Capital, as well as acquire 20,000 troy ounces of gold at a 30% discount through stock. This announcement represents a significant development in the gold-backed token market.
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