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Datavault AI, Perpetuals Partner to Tokenize Geothermal Infrastructure

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Datavault AI (DVLT) and Perpetuals.com (PDC) have signed an exchange agreement to list real-world asset programs, opening a $120 million geothermal energy project and $78.2 million in critical US minerals to compliant, round the clock global trading on a regulated European venue, the company said on Friday.

The agreement initially covers the MTB copper project, with provisions to expand across five RWA programs covering gold, copper, geothermal energy infrastructure, and critical minerals, it said.

The Triton 1 geothermal energy project tokenization is being developed with privately-owned Triton.

The multi-commodity deal targets listing on PM MTF, an EU-licensed Multilateral Trading Facility regulated by the Cyprus Securities and Exchange Commission.

Three of the initial programs carry a confirmed targeted issuance exceeding $328 million, it added.

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Bangladesh Reportedly Hikes Retail Fuel Prices

The Bangladesh government has hiked retail fuel rates effective Monday, the second such raise in six weeks, according to multiple media reports on Monday.The import-dependent country raised petrol and kerosene prices by 5 taka per litre, with petrol now at 140 taka ($1.15) per litre and kerosene at 135 taka per litre. Meanwhile, diesel prices remain unchanged at 115 taka per litre, Reuters reported.According to a notification from the Energy Ministry, the revision was in line with the changes in international petroleum product prices, the report said.The move, which follows an ongoing energy supply crisis due to the Iran war, is expected to add to the existing inflationary burden in the country. The government is also considering another price hike, Channels TV reported.In 2024, Bangladesh adopted a mechanism to automatically adjust domestic fuel prices after considering global fuel prices, exchange rates, and import costs.has reached out separately to the Department of Energy and Mineral Resources for a comment.

Commodities

Update: Market Chatter: Japan's Mitsui Targets Investments in LNG Facilities

(Updates with Mitsui comment in the last paragraph.)Japanese trading house Mitsui & Co. is eyeing investments in liquefied natural gas projects in the Middle East, US and Australia amid an expected increase in global power demand from new data centers, Bloomberg reported Friday, citing chief executive officer Kenichi Hori.The company was looking to pursue growth opportunities in LNG and gas chemicals, Hori told Bloomberg.Noting that additional demand is being created for LNG by companies looking to power artificial intelligence infrastructure with clean energy, Hori said the company could consider equity stakes or securing offtake agreements.The company will reserve some capital for the energy sector as it seeks new assets as part of a new mid-term strategy unveiled this month, the report said.Mitsui, a stakeholder in Abu Dhabi National Oil Company's under construction Ruwais LNG export facility, could consider further investments in the Middle East, Hori said. The region will remain a key global energy supply source despite the disruptions caused to oil and gas flows by the Iran war, Hori added.In an emailed statement to, Mitsui said it continuously pursues opportunities to strengthen its LNG asset portfolio.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Commodities

Market Chatter: Stone Ridge Bids $8 Billion for Devon Energy Marcellus Assets

Stone Ridge Asset Management has offered around $8 billion to acquire Devon Energy's (DVN) Marcellus shale assets, Reuters reported Friday, citing people familiar with the matter.This followed last month's closing of the $58 billion merger between Devon and Coterra Energy (CTRA) to form a large-cap shale operator in the US, with a focus on the Delaware Basin.Sources told the news agency that Stone Ridge made the move to initiate conversations about a possible deal, although Devon may or may not consider the proposal.Stone Ridge will use an asset-backed securitization to fund its proposal. If accepted, the deal will have the largest ABS funding in the history of US oil and gas industry, the sources reportedly said, although the actual size of financing was not immediately known.The investment firm, an active buyer of oil and gas assets using ABS, could also partner with another party on a possible Marcellus acquisition. It has previously partnered with Flywheel Energy to acquire Ovintiv's (OVV) Oklahoma assets for $3 billion, according to sources cited by Reuters.Devon had not made any decisions about the Marcellus assets, previously belonging to Coterra and spanning 190,000 net acres in Pennsylvania, according to the report.Asset manager Kimmeridge, a Devon shareholder, earlier urged the company's board to "initiate an accelerated program of non-core asset divestitures," to streamline its portfolio following the merger with Coterra.Devon and Stone Ridge did not immediately respond to' requests for comment.The Marcellus assets were reportedly projected to account for about 20% of Devon's 2026 production outlook of 1.6 million barrels of oil equivalent per day. The Delaware assets, meanwhile, will contribute about 53% of output.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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