SVRN Acquires FastNEAR to Expand NEAR Protocol Infrastructure Operations
SVRN, Inc. (NASDAQ: SVRN) has acquired FastNEAR, a key provider of RPC infrastructure for the NEAR Protocol ecosystem. The acquisition marks SVRN's first as an independent company and integrates FastNEAR’s services—handling over 3.5 billion monthly requests—with its founding engineers into SVRN's operations. FastNEAR operates essential systems that enable applications on NEAR to read data, submit transactions, and access historical records. SVRN has been expanding beyond managing a digital asset treasury anchored by NEAR Protocol to actively operating the network and advancing ecosystem development. The acquisition deepens its role in infrastructure services used daily by developers while adding an established business with existing customers. SVRN plans to invest further in FastNEAR’s reliability, capacity, and new product offerings. The move aligns with SVRN's strategy of driving adoption through commercial growth and operational control over NEAR Protocol components. CEO Sal Ternullo emphasized the importance of infrastructure for network functionality and how it provides insights into developer demand.