OceanPal raises $120M to build NEAR token treasury company
OceanPal raised $120 million to launch SovereignAI, which will commercialize NEAR Protocol and acquire up to 10% of NEAR tokens.Summary
Nasdaq-listed OceanPal Inc. secured $120 million in a private investment to establish SovereignAI, a new subsidiary focused on commercializing the NEAR Protocol and developing AI infrastructure. SovereignAI plans to implement a crypto treasury strategy by acquiring up to 10% of the NEAR (NEAR) token supply, positioning OceanPal as a public vehicle for exposure to the token, in partnership with the NEAR Foundation. This development coincides with leadership changes at OceanPal, including the appointment of Sal Ternullo as co-CEO and David Schwed as COO. Furthermore, NEAR Foundation co-founder Illia Polosukhin will join the SovereignAI advisory board alongside other industry figures. The move reflects the growing trend of integrating AI agents with crypto, where blockchain networks are used for asset management and autonomous operations.
(Source：Cointelegraph)