Datavault AI Inc. (NASDAQ: DVLT) announced it has signed a mutual services agreement with Perpetuals.com Ltd (NASDAQ: PDC) to list the company's real-world asset token programs on the Perpetuals exchange platform. The agreement covers five commodity programs with a combined targeted issuance of more than $328 million.

The deal enables 24/7 trading of tokenized physical commodity assets including gold, copper, geothermal energy infrastructure, and critical minerals on regulated venues including PM MTF Ltd., an EU-licensed multilateral trading facility regulated by the Cyprus Securities and Exchange Commission.

The agreement initially covers the MTB Copper project, with provisions for expansion to additional programs. These include GoldVault, targeting $150 million in issuance and planned for third quarter fiscal 2026 launch; Coppercoin, targeting $100 million and planned for second quarter fiscal 2026; a $120 million Triton geothermal energy program; and a $78.2 million American Strategic Minerals program.

"Datavault AI has built the most financially integrated RWA token portfolio in the market," said Nathaniel T. Bradley, CEO of Datavault AI. "That combination of direct asset exposure and 24/7 trading liquidity is what institutional and retail investors have been waiting for."

Matthew Nicoletti, Chief Strategy Officer of Perpetuals, said the partnership marks the company's entrance into the real world assets market and follows the launch of its UpsideOnly trading platform.

Each token program represents ownership stakes in physical commodity resources backed by in-ground assets and AI-validated valuations. The GoldVault program includes rights to acquire 20,000 ounces of physical bullion at $3,000 per ounce. The Coppercoin tokens represent five pounds of in-ground copper each, priced against COMEX benchmarks.

Implementation will begin with the MTB Copper program as stated in the agreement, according to the press release from the companies.