Datavault AI Inc. (NASDAQ: $DVLT) is adding an exchange layer to its real-world asset strategy through a new agreement with Perpetuals.com Ltd., a step that could move several commodity-backed token programs closer to tradable markets.
The company said it signed a mutual services agreement and statement of work with Perpetuals to list Datavault’s RWA token programs on the Perpetuals exchange platform, with the MTB Copper project named as the first program under the deal. The agreement is designed to expand across gold, copper, geothermal energy infrastructure, U.S. strategic minerals and European iron-nickel resources.
Three of the covered programs carry confirmed combined targeted issuance of more than $328 million. Datavault also expects the agreement to generate roughly $38 million in fees, giving the company a more concrete revenue marker around its broader tokenization pipeline.
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That pipeline has become a central part of Datavault’s 2026 story. Earlier announcements focused on contract value and asset-backed issuance plans; the Perpetuals agreement adds a potential venue for 24/7 trading, regulated order-book access and liquidity around instruments that would otherwise remain difficult for most investors to reach.
CEO Nathaniel T. Bradley said Datavault has built a portfolio that combines miner equity, physical bullion access, royalty streams and 24/7 trading liquidity. Perpetuals chief strategy officer Matthew Nicoletti said the partnership marks the company’s entrance into the real-world asset market.
Execution will happen in phases. MTB Copper is expected to lead the rollout, with GoldVault targeted for the third quarter of fiscal 2026 and Coppercoin planned by the end of the second quarter. Triton Geothermal, American Strategic Minerals and Bushtrica-Prrenjas are expected to proceed under separate statements of work.
Datavault still has to convert targeted issuance and planned listings into active trading. The signed agreement, however, gives its RWA push a clearer market-access path as commodity tokenization moves from contract announcements toward exchange-based distribution.
Datavault AI Inc. (NASDAQ: DVLT) is currently trading at $0.53 U.S. per share.