Core Viewpoint - OceanPal Inc. has successfully closed a $120 million private investment in public equity transaction to fund a digital asset treasury strategy through its new subsidiary, SovereignAI Services LLC, aimed at commercializing the NEAR Protocol for AI use cases [1][2][3] Group 1: Investment and Strategy - The net proceeds from the transaction will be utilized to implement a digital asset treasury strategy focused on the NEAR Protocol, which is designed for AI applications [1][2] - SovereignAI aims to acquire at least 10% of the NEAR token supply over time, transitioning from passive accumulation to active infrastructure development [2][4] - The strategy is supported by a world-class advisory board and strategic partners, including the NEAR Foundation, to enhance the execution of its goals [4][6] Group 2: Leadership and Expertise - OceanPal's newly appointed Co-CEO, Sal Ternullo, emphasizes the potential of NEAR as a leading project in the digital asset market, aiming to leverage its AI capabilities for various enterprise sectors [3][4] - The executive team includes COO David Schwed, who has extensive experience in information security and privacy, enhancing the company's operational capabilities [3][4] Group 3: Market Position and Future Outlook - SovereignAI is positioned at the intersection of AI and digital ownership, focusing on building a blockchain-native, confidential AI infrastructure [4][5] - The company plans to capitalize on the growing demand for privacy-first, regulatory-compliant AI solutions across industries such as finance, healthcare, and media [3][4] - OceanPal will continue its core operations in shipping transportation while expanding into the digital asset space through SovereignAI [8][14]

Would recommend trying out infinex if you have not done so alreadyvery easy and pleasant to usehttps://t.co/pGfmfMz1UMInfinex (@infinex):ZEC (ZCash) is now supported in Infinex, via @NEARProtocol's Near Intents→ Deposit $ZEC into your Infinex account→ Buy/sell/trade $ZEC with Swidge→ Send $ZEC to native addresses on ZCashSupport for shielded sends is coming soon.Get started now → https://t.co/ZbvUgIYW3f ...

RT BSCN (@BSCNews)🚨 $NEAR PROTOCOLS BIGGEST DEVELOPMENTS: It's hard to believe that @NEARProtocol is already half a decade old. Here are the most impressive milestones from its journey so far...https://t.co/ixSCKv0qHG ...

RT BSCN (@BSCNews)🚨 $NEAR PROTOCOLS BIGGEST DEVELOPMENTS: It's hard to believe that @NEARProtocol is already half a decade old. Here are the most impressive milestones from its journey so far...https://t.co/ixSCKv0qHG ...

RT BSCN (@BSCNews)🚨 $NEAR PROTOCOLS BIGGEST DEVELOPMENTS: It's hard to believe that @NEARProtocol is already half a decade old. Here are the most impressive milestones from its journey so far...https://t.co/ixSCKv0qHG ...

Core Insights - Virtune, a regulated digital asset manager based in Sweden, has launched a new crypto ETP called Virtune Staked NEAR ETP on Nasdaq Stockholm, aimed at providing innovative investment opportunities in the Nordic market [1][4]. Company Overview - Virtune is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges, focusing on empowering global investors with innovative investment products [5]. - The company emphasizes regulatory compliance and strategic collaborations with industry leaders to adapt to the evolving global crypto market [5]. Product Details - The Virtune Staked NEAR ETP offers 1:1 exposure to NEAR along with an additional annual return of 4% through staking, making it an attractive option for both institutional and retail investors [2][6]. - The ETP is 100% physically backed by NEAR and has an annual management fee of 1.49% [6]. - It is denominated in SEK and available for trading on platforms such as Avanza, Nordnet, SAVR, and Montrose [2][6]. NEAR Protocol Insights - NEAR Protocol is a blockchain platform designed for high-speed, low-cost transactions and scalable decentralized applications (dApps), with a focus on AI-powered solutions [3]. - The platform aims to make blockchain technology accessible for everyday use while fostering innovation in AI integration [3]. Market Positioning - The launch of the Virtune Staked NEAR ETP is positioned as a response to the demand from investors seeking secure and straightforward methods to gain exposure to NEAR combined with staking [4].