Datavault AI Plans Acquisition of BankWyse Depository Institution
Datavault AI, a Nasdaq-listed data monetisation company, signed a definitive agreement to acquire BankWyse, a custody and commercial banking business chartered as a Special Purpose Depository Institution in Wyoming. BankWyse, based in Cheyenne, provides institutional storage services for fiat and digital currencies and has been led by CEO Julie Fellows since its 2021 inception. Datavault described the acquisition as the "final piece" of its data monetisation ecosystem.
The transaction is designed to embed digital asset custody services into Datavault's commercial banking and tokenisation infrastructure. Financial terms and a completion timeline were not disclosed, and the deal remains subject to regulatory approval. The agreement was announced alongside a separate $94.5 million cash deal for cybersecurity firm CyberCatch and a completed acquisition of exchange operator Nyiax.
- Signals continued interest from technology companies in acquiring bank charters to power embedded finance offerings
- Could expand the BaaS ecosystem by adding AI-driven infrastructure to a traditional banking license