SVRN

What SVRN does

SVRN is the brand and trading identity of OceanPal Inc. (NASDAQ: SVRN), a publicly listed digital asset treasury company that pivoted from its legacy shipping business in October 2025 through a $120M PIPE financing led by the NEAR Foundation, Kraken, and Fabric Ventures. The company's core business is the accumulation and active management of a treasury of NEAR Protocol tokens, holding 53.9M NEAR (approximately 4.2% of circulating supply and valued at $133M+) with a stated roadmap target of 10% of NEAR's circulating supply. Treasury value growth is generated through a diversified strategy comprising NEAR staking via Fireblocks Trust Company and Figment (institutional-grade qualified custody), liquidity provisioning through NEAR Intents, and risk-managed derivative overlays managed by G-20 Group.

The product portfolio combines treasury management operations with AI infrastructure positioning on the NEAR Protocol. Core offerings include: NEAR Staking (institutional yield under qualified custody); Treasury Yield Strategy (G-20 Group-managed derivative overlays); AI Security Services (thought leadership and advisory on agent verification, provenance, TEEs, and digital asset security); and promotion of NEAR Intents, a unified commerce layer for outcome-based, cross-chain execution. The underlying technology stack leverages NEAR Protocol's 1M+ TPS throughput, Chain Signatures MPC for cross-chain account control, and confidential computing via trusted execution environments with cryptographic attestation.

SVRN serves institutional investors seeking regulated exposure to NEAR protocol through standard brokerage accounts, AI developers and enterprises requiring verifiable, private AI execution environments, and NEAR ecosystem participants such as validators and governance stakeholders. The go-to-market is channel-driven through institutional-grade partnerships (Fireblocks, Figment, G-20 Group) and direct public-market distribution via NASDAQ, with thought leadership and earned media amplifying institutional credibility. Revenue mechanics are non-traditional: rather than selling a product, SVRN seeks to grow intrinsic value per share through treasury appreciation, staking rewards, and yield strategies, with proceeds reinvested into additional NEAR rather than distributed as dividends.

Name

SVRN

Legal name

OceanPal Inc.

Website

https://svrn.net

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

SVRN is a NASDAQ-listed digital asset treasury company (formerly OceanPal Inc.) that holds and actively manages a growing treasury of NEAR tokens while driving commercial adoption of NEAR Protocol's AI agent infrastructure for institutional investors.

Ownership category

akta.pro rank

Product category

Digital Asset Treasury Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Managed Accounts, Separately Managed Accounts (SMA) & Funds Platforms (Crypto) (FSADAHAM)

akta.pro secondary industries

Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE)

Keywords

• Digital asset treasury
• NEAR token staking
• Blockchain treasury management
• AI security advisory
• Institutional crypto custody

Headquarters

HQ city

Somerville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. NEAR Token Treasury Appreciation: SVRN manages a treasury of NEAR tokens that grows in value as NEAR network adoption scales. The treasury generates returns through staking rewards, liquidity provisioning fees, and options overlay yield, with proceeds used to acquire additional NEAR rather than distribute dividends.
2. Institutional Staking Rewards: NEAR staking rewards earned through Fireblocks Trust Company and Figment's validator infrastructure while assets remain under qualified custody, generating protocol-native yield on treasury holdings.
3. Derivatives Overlay Yield: Risk-managed yield generated through G-20 Group's structured derivative market strategies deployed via risk-managed derivative overlays on NEAR holdings to preserve liquidity while funding AI infrastructure growth.
4. Liquidity Provisioning Revenue: Fee-based yield earned from deploying capital into core NEAR network corridors to facilitate commercial volume through the Intents architecture.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

SVRN is a NASDAQ-listed digital asset treasury company that manages a portfolio of approximately 53.9M NEAR tokens (~$133M+) on the NEAR Protocol blockchain, generating returns through institutional staking, liquidity provisioning, and derivatives overlay yield strategies. The company also provides AI security advisory and thought leadership services covering agent verification, regulatory compliance, and digital asset security. Its wholly-owned subsidiary SovereignAI Services LLC develops privacy-preserving AI infrastructure leveraging NEAR's trusted execution environments and Chain Signatures MPC technology.

Product overview

SVRN is a NASDAQ-listed treasury management company built on NEAR Protocol that drives commercial adoption of NEAR's infrastructure. The company operates a unified offering combining NEAR token treasury management with AI security services. Core products include: (1) NEAR Staking — institutional-grade staking via Fireblocks and Figment enabling SVRN to earn protocol-native rewards while maintaining treasury liquidity; (2) Treasury Yield Strategy — G-20 Group-managed derivative overlay program generating risk-managed yield on NEAR holdings; (3) AI Security Services — thought leadership and advisory covering regulatory compliance, agent verification, provenance controls, and digital asset security; and (4) NEAR Intents — a unified commerce interface enabling outcome-based execution across chains through a solver network. The portfolio is unified by SVRN's mission to ensure technology enables individual sovereignty while driving NEAR network adoption.

Differentiator

Problem solved

Functional benefit

Products and services

• NEAR Staking
• Treasury Yield Strategy
• AI Security Services
• NEAR Intents

Quantifiable outcome

• 53.9M NEAR tokens held in treasury (4.2% of circulating supply)
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Fireblocks Trust CompanycoreTechnology or Integration · 24 June 2026Fireblocks Trust Company provides institutional-grade qualified custody for SVRN's NEAR holdings with integrated staking capabilities. SVRN became the first institution to go live on their NEAR staking offering, enabling SVRN to earn protocol-native staking rewards while maintaining institutional custody standards.
• FigmentcoreTechnology or Integration · 24 June 2026Figment provides validator infrastructure for NEAR staking integrated with Fireblocks custody, enabling SVRN to earn staking rewards through institutional-grade validator infrastructure while assets remain under qualified custody.
• G-20 GroupcoreStrategic or Co-development Partner · 11 February 2026G-20 Group, a quantitative trading and asset management firm, was appointed as asset manager for SVRN's NEAR treasury yield strategy. The mandate deploys NEAR holdings through risk-managed derivative overlays to generate yield while preserving liquidity for AI infrastructure growth, prioritizing capital preservation.
• NEAR FoundationcoreStrategic or Co-development PartnerNEAR Foundation is the non-profit supporting NEAR Protocol development. SVRN's business model depends on NEAR network health and adoption. The partnership includes $120M PIPE co-investment from NEAR Foundation and active governance collaboration.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Others

• Figment: Institutional staking infrastructure provider and SVRN's core validator partner for NEAR staking. Adjacent ecosystem enabler rather than a direct competitor.
• Fireblocks: Institutional digital asset custody platform and SVRN's qualified custody partner. Adjacent ecosystem enabler providing custody infrastructure that SVRN leverages.

Emerging players

• Anchorage Digital: Federally chartered institutional digital asset custodian offering staking and treasury services. Comparable to the institutional custody stack SVRN uses (Fireblocks, Figment), but as a broader platform serving many clients.

Direct peers

• Hut 8: Publicly traded digital asset infrastructure company combining BTC treasury holding with AI/HPC compute business. Closely mirrors SVRN's treasury + AI infrastructure dual structure.
• SharpLink Gaming: Publicly traded company that pivoted into an Ethereum-focused digital asset treasury. Directly comparable as a newly converted public-company altcoin treasury vehicle.
• MARA Holdings (Marathon Digital): Publicly traded BTC treasury company combined with mining operations. SVRN's treasury + AI infrastructure hybrid is conceptually analogous to MARA's treasury + mining approach.
• MicroStrategy (Strategy): The original publicly listed digital asset treasury company, holding BTC on balance sheet and using capital markets to accumulate. SVRN applies the same playbook to NEAR and is the closest direct comparable in business model (public company treasury vehicle for a specific crypto asset).
• BitMine Immersion Technologies: Publicly traded ETH treasury company pursuing accumulation targets similar to SVRN's 10% NEAR supply goal. Closely comparable in mission and structure.
• Galaxy Digital: Publicly traded digital asset management and infrastructure firm offering trading, asset management, staking, and mining services. Directly comparable institutional crypto financial services firm; SVRN COO David Schwed was previously CISO at Galaxy.

Broad incumbents

• Coinbase Global: Largest publicly traded U.S. crypto exchange with its own BTC treasury and institutional custody, staking, and asset management services. Overlapping institutional-grade digital asset services and treasury holdings.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/svrn_ai
• LinkedInlinkedin.com/company/svrnai

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SVRN