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Datavault AI Signs Multi-Million Dollar Tokenization Services Agreement With Triton Geothermal to Provide Significant Revenue Opportunities
Globenewswire· 2025-11-17 13:00
Core Viewpoint - Datavault AI Inc. has entered into a Tokenization Service Agreement with Triton Geothermal LLC, positioning itself as a leader in the valuation, digitization, and monetization of real-world assets, particularly in the renewable energy sector [1][2]. Group 1: Agreement Details - Under the agreement, Datavault AI will receive up to $8,000,000 in tokenization fees related to a digital token offering projected to have a gross value of approximately $125,000,000 [2]. - Datavault AI will also earn a continuing participation of five percent of all digital token transaction fees collected by Triton after the offering [2]. - This engagement is seen as a significant commercial opportunity for Datavault AI's RWA tokenization business, aligning with its strategic goal to expand recurring revenue in regulated digital asset markets [2]. Group 2: Geothermal Energy Development - The digital token offering aims to support the development of Triton's geothermal energy production assets, with the initial extraction location validated by the U.S. Department of Energy [3]. - The geothermal resource is based on a significant, independently verified reservoir with substantial recoverable geothermal fluid volumes, supporting a multi-year development program [3]. - Triton is responsible for the configuration and deployment of smart contract frameworks and administration of non-custodial controls under Datavault AI's tokenization protocols [4]. Group 3: Technology and Future Outlook - Datavault AI has been appointed as the exclusive technology provider for the tokenization of Triton's renewable geothermal energy portfolio, indicating a strong foundation for future operations [4]. - The digital tokens will be supported by an independent valuation acceptable to both parties, with distribution subject to applicable securities regulations [5]. - Datavault AI anticipates that similar tokenization agreements will increasingly contribute to its revenue as institutional participation and regulatory clarity in the digital asset sector evolve [5].
Coinbase Plans First US Crypto Token Sale Since 2018
PYMNTS.com· 2025-11-10 19:24
Core Viewpoint - Coinbase is set to host the first digital token sale in the U.S. in seven years, allowing retail traders to participate in public token sales, also known as initial coin offerings (ICOs) [2][4]. Group 1: Token Sale Details - The first token sale will occur from November 17 to November 22, 2023, allowing investors to buy digital tokens before they are listed on the exchange [2]. - The token sale design aims to prioritize broader distribution and limit asset concentration among large purchasers, ensuring that true supporters receive higher allocation priority [2][4]. - The allocation process will favor participants requesting smaller amounts first, progressively filling larger requests until the supply is exhausted [3]. Group 2: Regulatory Context and Market Evolution - The launch of this platform marks the first public token sales for retail traders in the U.S. since 2018, following a period of regulatory scrutiny due to numerous fraud cases associated with ICOs from 2016 to 2018 [4][5]. - The previous ICO market was characterized by a lack of accountability, with many tokens being unregistered securities or outright frauds, leading to a decline in ICOs over time [5]. - The current market environment is more mature, with projects and their teams demonstrating more credibility than in the past, as noted by Scott Shapiro, head of trading at Coinbase [6].
ThreeD Capital Inc. Congratulates HyperCycle on its Joint Venture
Globenewswire· 2025-10-29 11:00
TORONTO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD" or the "Company") (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to congratulate HyperCycle on its recent announcement regarding the establishment of a $1.1 billion joint venture with a consortium of South Korean investors led by Addeep Inc. The joint venture aims to establish Seoul as a central hub ...
Bed Bath & Beyond Inc. announces franchise plan
Retail Dive· 2025-10-07 16:06
Core Insights - Bed Bath & Beyond Inc. is focusing on digital asset initiatives under the leadership of Executive Chairman Marcus Lemonis, who has characterized the company as having a "split personality" [2][3] - The company aims to unlock value through potential avenues such as an initial public offering for tZERO, a SPAC merger, or utilizing the Beyond platform [3] - The retail operations are being shifted to a more asset-light model, with day-to-day operations being managed by Kirkland's, allowing the corporate entity to concentrate on digital asset projects [3] Digital Asset Strategy - The company is exploring digital tokenization of assets, which is gaining traction in blockchain discussions, with other firms like Robinhood also entering this space [4] - Bed Bath & Beyond has previously offered digital tokens linked to intellectual property for its other brands on the tZERO platform [5] Franchise System Development - Bed Bath & Beyond announced plans to implement a nationwide franchise system, with documentation expected to be finalized within six months [6] - Franchise locations will feature localized merchandise, with about 20% of the inventory tailored to local markets [6] - Franchise owners will have access to tokenization through the tZERO platform, which may serve as an alternative to traditional financing options [6]
X @Watcher.Guru
Watcher.Guru· 2025-07-23 13:16
Industry Developments - Goldman Sachs and BNY are launching digital tokens tied to money market funds [1]