Shipping company OceanPal completes $120 million financing and launches AI project based on NEAR protocol

Foresight News: According to The Block, Nasdaq-listed shipping company OceanPal has completed a $120 million private investment in public equity (PIPE) to launch its wholly-owned subsidiary, SovereignAI Services LLC. This subsidiary will collaborate with the NEAR Foundation to build digital asset and artificial intelligence infrastructure. The financing attracted participation from several cryptocurrency investors, including an exchange, Proximity, Fabric Ventures, and G20 Group. The funds will be used to implement a blockchain-native digital asset treasury strategy centered on the NEAR protocol and to develop a confidential AI cloud platform supported by NEAR and Nvidia technologies.