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SVRN Ditches Shipping to Focus on NEAR Digital Assets

Guavy AI Editorial Team
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NEAR
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SVRN has completed its corporate transformation, changing its name and focusing on digital assets, particularly NEAR Protocol. The company now holds over 55.5 million NEAR tokens and has launched a public dashboard to transparently display its holdings and staking positions.

The move marks a strategic shift for SVRN, which has exited its legacy shipping business, eliminated debt, and is advancing the commercial adoption of NEAR. This includes a pilot with Oracle for stablecoin payments.

SVRN's new focus on digital assets aims to build and manage a treasury anchored by NEAR and expand ecosystem adoption.

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