ATHENS, GREECE & NEW YORK – February 11, 2026 – SovereignAI Services LLC (“SVRN”), a
wholly owned subsidiary of OceanPal Inc. (“OceanPal”, NASDAQ: SVRN) that fuels
the infrastructure for secure, autonomous AI, today announced that it has
appointed G-20 Group as asset manager for a new NEAR treasury yield strategy.
Following SVRN’s previously disclosed $120 million PIPE
financing and the build-out of its NEAR
treasury, the
mandate is designed to deploy a portion of SVRN’s NEAR holdings through
risk-managed derivative overlays that aim to enhance yield while preserving
liquidity to support the company’s AI infrastructure roadmap.
“This mandate represents a strategic evolution of our
treasury operations, designed to make our NEAR balance sheet work harder
without compromising liquidity,” said Sal Ternullo, CEO of SVRN and co-CEO
of OceanPal. “By working with G-20 Group to actively manage our NEAR
holdings, we aim to enhance risk-adjusted returns that help fund SVRN’s
infrastructure roadmap.”
Illia Polosukhin, CEO & co-founder of NEAR Foundation, added: "G-20 has been a key
partner in the Near ecosystem and we are excited to see their role expand with
SVRN to accelerate balance sheet yield generation strategies driving the
accumulation of NEAR."
G-20 Group, a quantitative trading and asset-management firm
at the intersection of currencies, crypto and commodities, is a leading player
in treasury management to generate alpha and capital efficiency.
“Efficient capital deployment is critical for public entities
operating in digital-asset markets,” said Dr. Nagendra Bharatula, CEO of
G-20 Group. “We have structured a strategy for SVRN that prioritizes
capital preservation while capturing yield opportunities. Our focus is on
delivering consistent, risk-managed returns that support SVRN’s long-term
growth objectives.”
The engagement with G-20 Group leverages the firm’s
experience in structured derivative markets and institutional treasury
mandates. The program is expected to help SVRN maintain liquidity, maximize
asset utility and support its broader mission as a sophisticated participant in
the NEAR ecosystem.
Nauman Sheikh, Head of Treasury Management at G-20 Group, also added: “Our role is to
translate SVRN’s NEAR holdings and risk appetite into an overlay that can
scale, withstand volatility and remain fully aligned with the company’s broader
balance-sheet strategy. In our view, this kind of transparent, systematic
treasury program is one of several approaches that will help define the next
generation of digital-asset treasuries.”
SVRN, a wholly-owned subsidiary of OceanPal fuels the growth
of AI infrastructure that enables agents to act autonomously and securely. SVRN
actively manages a treasury of NEAR—the network powering this
infrastructure—generating returns that fund universal liquidity and AI privacy
technologies. SVRN bridges these innovations to the enterprise, driving
commercial adoption so businesses can deploy AI solutions that protect
sensitive data and execute complex actions across any network.
To
learn more about SVRN, please visit: https://www.svrn.net/
Media
Contact:
svrn@mgroupsc.com
About
G-20 Group
G-20 Group is a leading cross-asset quantitative trading and
asset-management firm active in delta-one and derivatives markets. Established
in 2010, G-20 provides liquidity solutions, treasury management, and
institutional advisory services. G-20 is supported by an outstanding team of
professionals with a robust global presence in EMEA, the Americas and APAC.
OceanPal Inc. is a global provider of shipping transportation
services, specializing in the ownership and operation of dry bulk vessels and
product tankers. OceanPal Inc. is engaged in the seaborne transportation of
bulk commodities, including iron ore, coal and grain, as well as refined
petroleum products. OceanPal Inc.’s fleet is primarily employed on time-charter
trips with short to medium duration and spot charters, with a strategic focus
on maximizing long-term shareholder value.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements” within the meaning of the U.S. federal securities
laws. Forward-looking statements are statements other than historical facts and
include, without limitation, future announcements and priorities, expectations
regarding management, corporate governance, market position, business
strategies, future financial and operating performance, and other projections
or statements of plans and objectives.
These forward-looking statements are based on current
expectations, estimates, assumptions and projections, and involve known and
unknown risks, uncertainties and other factors—many of which are beyond OceanPal’s
and SVRN’s control—that may cause actual results, performance or achievements
to differ materially from those expressed or implied by such statements.
Important factors that may affect actual results include, among others, SVRN’s
ability to execute its growth strategy; its ability to raise and deploy capital
effectively; developments in technology and the competitive landscape; the
market performance of NEAR; and other risks and uncertainties described under
“Risk Factors” in OceanPal’s Annual Report on Form 20-F filed with the SEC on
April 15, 2025, and in other subsequent filings with the SEC. These filings are
available at www.sec.gov. OceanPal undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
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