OceanPal, a U.S. Publicly Traded Company, Reveals Ownership of About 51.3 Million NEAR Tokens
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 28 2026
0mins
Source: moomoo
Financial Report Release: OceanPal, a Nasdaq-listed digital asset management operator, has released its annual financial report.
Token Holdings: The report reveals that OceanPal's balance sheet holds approximately 51.3 million NEAR tokens.
Additional Holdings: In addition to the NEAR tokens, OceanPal has an extra 2.85 million NEAR tokens held as collateral for derivative positions.
Source of Information: The information was disseminated through PR Newswire.
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About SVRN
Oceanpal Inc is a Marshall Islands-based provider of ocean-going transportation services. The Company is engaged in the ownership, operation, and chartering of dry bulk vessels. The Company's fleet consists of 3 dry bulk vessels, including one Capesize and two Panamax vessels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Name Change Approval: The shareholders approved the change of the company's name from 'OceanPal Inc.' to 'SVRN, Inc.', aimed at enhancing brand image and reflecting the company's strategic transformation to boost market recognition.
- Auditor Appointment: The meeting approved the appointment of CBIZ CPAs P.C. as the independent auditors for the fiscal year 2026, ensuring financial transparency and compliance, which enhances investor confidence.
- Business Strategy: OceanPal, through its wholly-owned subsidiary SovereignAI Services LLC, combines global shipping with a digital asset strategy, focusing on compounding long-term shareholder value, showcasing its competitiveness in emerging markets.
See More
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- Trading Continuation: Despite the compliance issue, OceanPal's shares will continue trading on Nasdaq (NDAQ), suggesting that market confidence in its short-term operations remains intact.
- Rectification Deadline: The company has 60 calendar days (until July 20, 2026) to submit a compliance plan to address this issue, reflecting the urgency in meeting regulatory requirements.
- Potential Extension: If Nasdaq accepts the compliance plan, OceanPal may receive up to 180 additional days (until October 27, 2026) to regain full compliance, providing the company with a buffer period to improve its financial reporting processes.
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- Deadline for Compliance: The company has 60 days from receipt of the notification, until July 20, 2026, to submit a compliance plan, and if accepted, may receive an extension of up to 180 days until October 27, 2026, impacting its future financial reporting schedule.
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- Business Strategy: OceanPal is focused on compounding long-term shareholder value through its maritime and digital asset operations, and resolving the compliance issue will directly influence its capital allocation and execution of future growth strategies.
See More
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- Rising Market Demand: As capital increasingly positions around AI infrastructure, NEAR has emerged as a leading AI-native blockchain network, attracting significant institutional interest that is expected to drive more institutions to participate in staking, enhancing market liquidity and asset value.
- Security Standards Assurance: Fireblocks Trust Company, as a qualified custodian, utilizes its defense-in-depth security architecture to ensure the safety and compliance of SVRN's NEAR assets during staking, meeting the high standards of security and regulatory clarity required by institutional investors.
- Future Development Plans: SVRN aims to manage 10% of NEAR's token supply in the future, and the expansion of its staking position will further enhance its financial stability and market competitiveness, while also providing new growth opportunities for the collaboration between Fireblocks and Figment.
See More
Fireblocks and Figment Launch NEAR Staking Service
- Staking Service Launch: Fireblocks Trust Company and Figment have launched a NEAR staking service that allows institutional digital asset holders to earn staking rewards within a regulated custody framework, enhancing asset yield potential and market competitiveness.
- SVRN First to Go Live: SVRN, the first institution to utilize this service, manages its NEAR assets under qualified custody at Fireblocks, earning staking rewards through Figment's validator infrastructure, ensuring asset appreciation in a compliant environment.
- Growing Market Demand: With increasing institutional demand for NEAR, SVRN plans to manage 10% of NEAR's token supply in the future, indicating its strategic positioning and confidence in the digital asset space.
- Recognition of Security Standards: Fireblocks Trust's selection as a qualified custodian by SVRN underscores its high standards in digital asset security and compliance, further solidifying its trust among institutional investors.
See More
OceanPal Holds 2026 Annual Shareholders Meeting
- Director Elections: At the shareholders meeting held on June 16, 2026, OceanPal successfully elected two Class II directors for a three-year term until 2029, ensuring stability and continuity in the company's governance structure.
- Name Change Approval: The shareholders approved the change of the company's name from 'OceanPal Inc.' to 'SVRN, Inc.', a move aimed at enhancing brand image and reflecting the company's strategic transformation to improve market recognition.
- Auditor Appointment: The meeting also approved the appointment of CBIZ CPAs P.C. as the independent auditors for the fiscal year 2026, ensuring financial transparency and compliance, which bolsters investor confidence.
- Business Diversification: OceanPal, through its wholly-owned subsidiary SovereignAI Services LLC, combines global shipping with a digital asset strategy, focusing on compounding long-term shareholder value and demonstrating competitiveness in emerging markets.
See More
OceanPal Holds 2026 Annual Shareholders Meeting
- Director Elections: At the shareholders meeting held on June 16, 2026, OceanPal successfully elected two Class II Directors for a three-year term until the 2029 Annual Meeting, ensuring stability and continuity in corporate governance.
- Name Change Approval: The shareholders approved the change of the company's name from 'OceanPal Inc.' to 'SVRN, Inc.', aimed at enhancing brand image and reflecting the company's strategic transformation to boost market recognition.
- Auditor Appointment: The meeting approved the appointment of CBIZ CPAs P.C. as the independent auditors for the fiscal year 2026, ensuring financial transparency and compliance, which enhances investor confidence.
- Business Strategy: OceanPal, through its wholly-owned subsidiary SovereignAI Services LLC, combines global shipping with a digital asset strategy, focusing on compounding long-term shareholder value, showcasing its competitiveness in emerging markets.
See More
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- Compliance Notice: OceanPal (SVRN) announced on Friday that it received a Nasdaq notice regarding the delayed filing of Form 20-F for FY ending December 31, 2025, indicating challenges in the company's compliance status.
- Trading Continuation: Despite the compliance issue, OceanPal's shares will continue trading on Nasdaq (NDAQ), suggesting that market confidence in its short-term operations remains intact.
- Rectification Deadline: The company has 60 calendar days (until July 20, 2026) to submit a compliance plan to address this issue, reflecting the urgency in meeting regulatory requirements.
- Potential Extension: If Nasdaq accepts the compliance plan, OceanPal may receive up to 180 additional days (until October 27, 2026) to regain full compliance, providing the company with a buffer period to improve its financial reporting processes.
See More
OceanPal Receives Nasdaq Compliance Notification
- Compliance Notification: OceanPal received a notification from Nasdaq on May 19, 2026, regarding its failure to timely file the Form 20-F for the fiscal year ending December 31, 2025, indicating potential compliance issues that could affect its market reputation.
- Deadline for Compliance: The company has 60 days from receipt of the notification, until July 20, 2026, to submit a compliance plan, and if accepted, may receive an extension of up to 180 days until October 27, 2026, impacting its future financial reporting schedule.
- Market Impact: Although the notification does not immediately affect OceanPal's listing or trading on Nasdaq, prolonged non-compliance could erode investor confidence, potentially leading to a decline in stock performance.
- Business Strategy: OceanPal is focused on compounding long-term shareholder value through its maritime and digital asset operations, and resolving the compliance issue will directly influence its capital allocation and execution of future growth strategies.
See More
