OceanPal Inc. Completes $120 Million Investment in NEAR Protocol

3 mins mins

Key Points:

OceanPal Inc. has finalized a $120 million investment, enhancing its digital asset strategy.
SovereignAI will commercialize NEAR Protocol for AI use.
This move positions OceanPal as a major public investment entity in blockchain.

OceanPal Inc. has finalized a $120 million PIPE transaction to advance the NEAR Protocol through SovereignAI Services LLC, enhancing its blockchain and AI capabilities.

This strategic move fortifies OceanPal’s position in digital assets, offering significant exposure to NEAR, while underpinning AI infrastructure development crucial for future blockchain innovations.

OceanPal’s $120M Blockchain Expansion Sets New Milestone

OceanPal Inc. completed a $120 million PIPE transaction to acquire and sell common stock to further its digital asset strategy through SovereignAI Services LLC. The transaction involves commercializing the NEAR Protocol, a blockchain platform for AI applications. This strategic move positions OceanPal as a major public investment venture in blockchain assets.

Sal Ternullo, Co-CEO of OceanPal, has emphasized that NEAR provides significant market opportunity, targeting 10% token accumulation. The project will utilize NEAR alongside NVIDIA technology to develop confidential AI infrastructure for autonomous business operations globally.

“We believe NEAR presents the greatest asymmetric upside across mature projects in the digital asset market, which we aim to capture and offer to our shareholders.” — Sal Ternullo, Co-CEO, OceanPal (source)

Market experts are observing the impact on NEAR’s liquidity and institutional exposure. OceanPal’s announcement has stirred community interest, with the NEAR Foundation expressing enthusiasm for AI convergence. However, the market remains cautiously optimistic, anticipating long-term developments in token valuation and blockchain integration.

NEAR Protocol’s Market Impact and OceanPal’s Strategic Shift

Did you know? SovereignAI’s pursuit of accumulating 10% of NEAR’s token supply is among the largest strategic attempts at token consolidation in Layer 1 public treasuries.

CoinMarketCap data indicates that NEAR Protocol (NEAR) currently trades at $2.30 with a market cap of $2.94 billion, reflecting a 3.42% decrease in the past 24 hours. Over the last 30 days, NEAR’s price declined by 15.42%. Trading volume reached $200.31 million, marking a 5.06% drop.

near-protocol-daily-chart-5 — NEAR Protocol(NEAR), daily chart, screenshot on CoinMarketCap at 18:48 UTC on October 28, 2025. *Source: CoinMarketCap*

Coincu research identifies that OceanPal’s expansion into blockchain aligns with broader market trends focusing on AI-driven tech stacks. The integration of NVIDIA-powered AI infrastructure can potentially enhance the profitability of decentralized platforms. Regulatory clarity and strategic partnerships will be crucial in shaping the project’s trajectory.

Federal Reserve rate cut cycle could further impact how digital assets, like NEAR, will perform amidst economic changes. Keeping updated with such financial news is crucial for strategic planning in the blockchain market.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.