Datavault AI Inc. (NASDAQ: DVLT) said it has advanced its name, image and likeness (NIL) debit card capability through its embedded banking and payments arrangement with Fiserv, and has appointed Ronald M. Goldstein to lead professional sports licensing for its NIL Vault platform.

According to the company, the planned payment wallets and debit cards are intended to let participating athletes receive, manage and access funds earned from sponsorships and NIL-related activities. The payment capabilities are part of Datavault AI’s broader effort to develop its planned NIL exchange platform.

Goldstein has more than 35 years of experience in sports marketing, licensing, intellectual property and commercial partnerships. Datavault AI said he has already started advancing official licensing initiatives for NIL Vault, including programs involving baseball legends Josh Gibson, Roberto Clemente and Yogi Berra.

The NIL Vault platform is designed to provide athletes with a secure and efficient way to monetize rights tied to their name, image and likeness. Through its integration with Fiserv’s embedded banking and payments infrastructure, Datavault AI plans to offer digital wallets and debit cards intended to simplify financial management for athletes receiving NIL-related income.

NIL has become a more active area of sports commerce since U.S. college athletes gained broader ability to profit from their publicity rights, adding new operational needs around payments, sponsorship administration, licensing approvals and rights management. The initiative comes as athletes in collegiate and professional sports increasingly need tools to manage earnings connected to sponsorships, licensing and other NIL activities. Datavault AI’s planned payment products are intended to support that process by combining access to funds with the company’s NIL platform capabilities.

Goldstein’s sports licensing background is expected to support partnership development with sports organizations and estates. His work involving the legacies of Josh Gibson, Roberto Clemente and Yogi Berra reflects Datavault AI’s stated focus on official licensing initiatives that recognize well-known athletes while creating revenue opportunities for current and former players.

Datavault AI, based in Philadelphia, Pennsylvania, describes its business as focused on AI-driven data experiences and asset monetization in the Web 3.0 environment. Its technology platform serves several sectors, including sports and entertainment, through divisions focused on acoustic sciences and data sciences.

The NIL Vault initiative expands Datavault AI’s activity in sports licensing and financial technology. The company said its combination of payment capabilities and licensing expertise is intended to create an ecosystem that simplifies NIL-related processes for athletes and sports organizations.

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