Nasdaq listed Oceanpal Inc. has raised $120 million through a private investment in a public equity deal to launch Sovereignai, a new subsidiary focused on the commercialization of near protocol and AI infrastructure development.
According to a Tuesday announcementSovereignai will implement a Crypto Treasury strategy, with plans to acquire up to 10% of the near (close) token supply. The move, developed in collaboration with nearby foundations, makes Oceanpal a public vehicle for exposure to the crypto protocol’s native token.
OceAppal said the collaboration with the nearby foundation is based on a shared vision of “universal AI sovereignty.”
Launched in 2020, Malapit is a layer-1 blockchain that supports AI applications, allowing AI agents to interact, manage assets and operate securely across networks, according to on the project website.
The announcement coincides with a leadership shakeup at Oceanpal, which appointed former State Street executive Sal Ternullo as Co-CEO and David Schwed, previously with Bny Mellon, Galaxy and Robinhood, as Chief Operating Officer.
Meanwhile, close to the Foundation co-founder and CEO Illia Polosukhin will join the Sovereignai Advisory Board alongside Richard Muirhead of Fabric Ventures and Lukasz Kaiser of Openai, among others.
Related: Openai Restructures As Public Benefit Corporation, Microsoft Secures 27% Stake
The rise of AI agents in crypto
AI AGENTS – Autonomous systems that can be detected.
In September, John D’Agostino, the head of institutional strategy at Coinbase, said It’s CNBC’s squawk box Cryptocurrency required for AI agents to operate effectively in the financial markets.
In the same month, Cloudflare, a global cloud infrastructure company, announced plans to launch a The new StableCoin is called Net Dollar To support instant transactions triggered by AI agents.
Just recently Data From Dune Analytics revealed that Coinbase’s AI-ready Protocol, launched in May to let Autonomous agents send and receive stablecoins Online, transaction activity has been seen advancing by more than 10,000% in the past month.
Those numbers come after two Coinbase developers said in August that AI agents “will soon be The biggest power users of Ethereum. ”
Magazine: You must ‘go and build’ your own AI agent: Jesse Pollak, X Hall of Flame
