OceanPal in Partnership with NEAR Foundation Announces $120M PIPE Investment to Launch SovereignAI to Buildout Near-Powered AI Infrastructure

Written by Emily J. Thompson, Senior Investment Analyst

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Source: PRnewswire

Updated: Oct 28 2025

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Source: PRnewswire

OceanPal's New Initiative: OceanPal Inc. has launched SovereignAI, a subsidiary aimed at commercializing the NEAR Protocol, with a focus on developing a blockchain-native, confidential AI-cloud infrastructure using NVIDIA technology.
Investment and Strategy: The company closed a $120M private investment to fund a digital asset treasury strategy, intending to acquire at least 10% of the NEAR token supply and leverage it for building innovative AI infrastructure.
Leadership and Expertise: The executive team includes experienced professionals from finance and technology sectors, with a strategic advisory board featuring key figures from the NEAR Foundation and AI industry to support SovereignAI's mission.
Market Focus: SovereignAI aims to address the growing demand for privacy-first, regulatory-compliant AI solutions across various sectors, including finance and healthcare, while promoting user ownership and control over AI technologies.

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.

OceanPal in Partnership with NEAR Foundation Announces $120M PIPE Investment to Launch SovereignAI to Buildout Near-Powered AI Infrastructure

About the author

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