SVRN Leads Initiative Strengthening Infrastructure Behind NEAR's Cross-Network Transactions
PR Newswire•15/10/2026•16:15 ET
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Key Highlights
- ➤NEAR Intents has processed more than $34 billion in cross-network volume to date
- ➤SVRN treasury holds more than 55 million NEAR tokens
- ➤17 independent operators secure NEAR Chain Signatures; at least 11 must cooperate
- ➤SVRN completed migration of every MPC node into Intel TDX trusted hardware
- ➤SVRN plans to support network growth toward 21 operators
Expert Statements
Sal Ternullo, Chief Executive Officer of SVRN
“Every financial system eventually has to answer the same question: who holds the keys, and what prevents the holder from misusing them?”
Sal Ternullo, Chief Executive Officer of SVRN
“Traditional finance answers with custodians, regulators and audit trails. NEAR's answer is that no single party holds the keys, and the machines that hold the pieces can prove what they are doing.”
Sal Ternullo, Chief Executive Officer of SVRN
“This will matter more as AI agents begin initiating transactions for people and businesses, often with information those parties have every reason to keep private.”
Sal Ternullo, Chief Executive Officer of SVRN
“Anyone should be able to verify the infrastructure carrying those transactions, and no one should be able to compromise it.”
Sal Ternullo, Chief Executive Officer of SVRN
“We hold NEAR to that standard, which is why we proposed the rules, took them through governance, vetted the operators and then held ourselves to the same bar by running a node.”
SVRN Leads Initiative Strengthening Infrastructure Behind NEAR's Cross-Network Transactions PR Newswire
SVRN, the only publicly traded company with a NEAR-anchored treasury, designed the incentive program funding the 17 operators of NEAR Protocol's Chain Signatures MPC network, led it through governance, vetted each new operator and now runs its own node in tamper-resistant hardware.
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