Datavault AI and American Strategic Minerals Launch $2 Billion Antimony Tokenization Initiative
Datavault AI and American Strategic Minerals (ASMI) have established a partnership for a $78.2 million tokenization initiative, targeting the tokenization of U.S. antimony resources in Arizona. The project aims to mint up to $2 billion in antimony-backed stable coins and marks the first tokenization of a U.S. critical defense mineral. ASMI is set to receive up to $68.8 million, while Datavault AI could earn a 20% equity stake upon meeting performance milestones.
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Datavault AI and American Strategic Minerals (ASMI) announced a partnership to tokenize U.S. antimony resources in Arizona, with a $78.2 million initiative. This includes minting up to $2 billion in antimony-backed stable coins, marking the first tokenization of a U.S. critical defense mineral.
ASMI will receive up to $68.8 million, while Datavault AI could earn a 20% equity stake upon successful completion of performance milestones. The initial tokenization will cover 5% of the antimony resource, which has a broader asset base valued at over $2.15 billion. The partnership leverages Datavault AI's technology to digitize ownership interests, addressing critical mineral supply chain challenges.
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