Datavault AI (DVLT) said Monday that the US Patent and Trademark Office has issued a Notice of Allowance for an application for its proprietary asset tokenization technology.
The company said the application covers minting a tokenized representation of a physical or digital asset, the authentication and ownership records of the assets, and the use of the tokens across digital platforms and exchanges.
The USPTO provided two related Notices of Allowance, one for "Platform and Method for Tokenizing Content" and one for "Platform for Management of User Data Utilizing a Data Platform."
Shares of Datavault AI were up 9% pre-bell.
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