By Katherine Hamilton
Datavault AI entered a proposed strategic partnership with Patriot Strategic Metals to develop a digital infrastructure platform to support the tokenization of mineral assets.
Datavault, a real-world asset tokenization platform, said Wednesday that the agreement could establish a framework for connecting physical mineral assets with digital finance infrastructure.
Patriot Strategic Metals, a rare-earth mineral company, would offer digital assets representing its mining interests, offtake agreements, inventories and supply-chain operations on Datavault's platform.
Rare earth minerals are viewed as a lucrative element of AI and technology development. Trading tokens of Patriot Strategic Metals could give traders another way to be exposed to the investments that are pouring into AI, Datavault said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com