Fireblocks Trust Company and Figment Enable Staking Under Qualified Custody for Leading NEAR Digital Asset Treasury SVRN

Rhea-AI Summary

SVRN (NASDAQ:SVRN) is the first institution using a new NEAR staking capability from Fireblocks Trust Company and Figment. The solution lets eligible holders earn NEAR staking rewards under qualified custody, aligning staking, custody, and regulatory standards for institutional balance sheets.

According to SVRN, its roadmap aims to manage up to 10% of NEAR’s token supply, making secure, in-custody staking central to its digital asset treasury strategy.

AI-generated analysis. Not financial advice.

Positive

• SVRN earns NEAR staking rewards while assets remain under qualified custody
• Fireblocks Trust custody aligns NEAR holdings with institutional balance sheet standards
• Figment provides compliant validator infrastructure for SVRN’s NEAR staking strategy

Negative

• None.

News Market Reaction – SVRN

-7.36%

2 alerts

-7.36% News Effect

-9.8% Trough Tracked

-$1M Valuation Impact

$15.51M Market Cap

0.5x Rel. Volume

On the day this news was published, SVRN declined 7.36%, reflecting a notable negative market reaction. Argus tracked a trough of -9.8% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $15.51M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Digital asset transactions secured: $14 trillion Supported blockchains: 150+ blockchains Institutional clients: more than 1,500 +1 more

4 metrics

Digital asset transactions secured $14 trillion Value of digital asset transactions secured by Fireblocks infrastructure

Supported blockchains 150+ blockchains Number of blockchains secured by Fireblocks infrastructure

Institutional clients more than 1,500 Number of institutional clients supported by Figment globally

Target NEAR supply share 10% of NEAR's token supply SVRN roadmap goal for NEAR-based treasury management

Peers on Argus

SVRN was down before this release with no peers in the momentum scanner, indicat...

SVRN was down before this release with no peers in the momentum scanner, indicating the move looked stock-specific rather than part of a broader sector rotation.

Historical Context

5 past events · Latest: Jun 18 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jun 18	AGM results	Neutral	-7.8%	All AGM proposals approved, including potential corporate name change to SVRN, Inc.
May 22	Nasdaq notice	Negative	-3.3%	Nasdaq delinquency notification for late Form 20-F filing and compliance timeline.
May 13	AGM scheduling	Neutral	-11.3%	Announcement and logistics of 2026 Annual General Meeting of Shareholders.
Apr 16	Nasdaq compliance	Positive	-3.4%	Regained Nasdaq minimum bid price compliance and outlined NEAR-based treasury strategy.
Apr 09	Share buybacks	Positive	+0.0%	Disclosed share repurchases and remaining buyback capacity, highlighting NEAR token treasury.

Pattern Detected

Recent news often coincided with flat-to-negative reactions, even on operational or governance updates that appear neutral-to-positive.

Regulatory & Risk Context

Short Interest: 0.59%

Short Interest

0.59% of float

0% 15% 30%+

low as of 2026-05-29 Days to cover: 1

Reported short interest appears relatively low, pointing to limited squeeze potential and generally muted short-driven volatility under normal trading conditions.

Market Pulse Summary

The stock moved -7.4% in the session following this news. A negative reaction despite positive custo...

Analysis

The stock moved -7.4% in the session following this news. A negative reaction despite positive custody and staking developments fits a pattern of weak responses to news. Investors may focus on execution risks around managing up to 10% of NEAR supply rather than partner credentials.

Key Terms

qualified custody, staking, validator infrastructure, iso 27001, +2 more

6 terms

qualified custody regulatory

"enables eligible digital asset holders to earn staking rewards on NEAR while assets remain under qualified custody"

An arrangement where a regulated, vetted third-party custodian holds and safeguards financial assets on behalf of an investor, fund, or company, operating under specific legal and operational standards. It matters to investors because qualified custody reduces the risk of loss, theft or commingling, preserves clear legal ownership and helps meet regulatory and audit requirements — like keeping valuables in a bank safe deposit box that is subject to formal rules and inspections.

staking technical

"announced a new institutional staking capability that enables eligible digital asset holders to earn staking rewards on NEAR"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

validator infrastructure technical

"earn staking rewards through Figment's validator infrastructure, with those rewards accruing to SVRN's NEAR position over time"

Validator infrastructure is the network of computers and systems that verify and confirm transactions or data within a digital system, such as a blockchain. It functions like a group of trusted judges who ensure everything is accurate and legitimate before it becomes part of the official record. For investors, this infrastructure is crucial because it underpins the security, reliability, and integrity of the digital environment they are investing in.

iso 27001 technical

"operates NORS-certified validator infrastructure with OFAC, SOC 2 Type II, and ISO 27001 compliance"

ISO 27001 is an internationally recognized standard that sets out the best practices for managing and protecting sensitive information within an organization. It acts like a security blueprint, helping companies ensure data is kept safe from theft, loss, or damage. For investors, organizations with ISO 27001 certification demonstrate a strong commitment to information security, reducing the risk of data breaches that could impact business stability and reputation.

soc 2 type ii technical

"operates NORS-certified validator infrastructure with OFAC, SOC 2 Type II, and ISO 27001 compliance"

A SOC 2 Type II report is an independent audit that verifies a company’s operational controls for protecting customer data work effectively over a sustained period, not just at a single point in time. Think of it like a multi-month health inspection for a business’s data practices: it reassures customers and investors that systems are managed reliably, lowering the risk of breaches, service interruptions, and regulatory or liability costs.

ofac regulatory

"operates NORS-certified validator infrastructure with OFAC, SOC 2 Type II, and ISO 27001 compliance"

OFAC is the U.S. Treasury agency that administers and enforces economic and trade sanctions, using a publicly maintained list to block certain people, companies, and countries from moving money or doing business. Think of OFAC as a referee who enforces rules about who is allowed to play and who is barred from the field. Investors need to watch OFAC actions because sanctions can freeze assets, halt deals, complicate payments, and create legal and reputational risks that affect valuations and trading.

AI-generated analysis. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

The offering enables NEAR staking within a regulated custody framework, with institutional balance sheets accruing rewards that compound the position over time.

NEW YORK, June 24, 2026 /PRNewswire/ -- Fireblocks Trust Company (FBTC), the NYDFS-chartered qualified custodian for institutional digital assets, and Figment today announced a new institutional staking capability that enables eligible digital asset holders to earn staking rewards on NEAR while assets remain under qualified custody. The first institution to go live on the offering is SVRN, the only NASDAQ-listed treasury company built around the NEAR ecosystem.

NEAR has emerged as one of the leading AI-native blockchain networks, attracting growing institutional interest as capital increasingly positions around AI infrastructure, including the July 2025 launch of a Bitwise NEAR Staking ETP. For a public company building its treasury strategy around NEAR network growth, custody and staking are governed by the same standard that applies to the rest of its balance sheet. SVRN's NEAR assets are held under qualified custody at Fireblocks Trust Company and earn staking rewards through Figment's validator infrastructure, with those rewards accruing to SVRN's NEAR position over time.

"A public company like SVRN must consider many requirements to protect its stakeholders' interests. Being selected as their trusted, qualified custodian is an important recognition of Fireblocks Trust's standards," said Adam Levine, CEO of Fireblocks Financial Services. "Supporting SVRN is a strong example of how Fireblocks Trust works seamlessly with Figment to help generate returns through our in-custody staking offering."

Fireblocks Trust Company is a limited-purpose trust company chartered by the New York State Department of Financial Services, built on Fireblocks' defense-in-depth security architecture, the same infrastructure trusted to secure more than $14 trillion in digital asset transactions across 150+ blockchains. Figment supports more than 1,500 institutional clients globally, including asset managers, exchanges, custodians, and foundations, and operates NORS-certified validator infrastructure with OFAC, SOC 2 Type II, and ISO 27001 compliance.

"Institutional capital is ready to deploy into staking but the barrier has been product structure, not conviction", noted Josh Deems, Head of Revenue, at Figment. "Working with SVRN and Fireblocks Trust Co, we've built a pathway for a NEAR-based digital asset treasury company to meet the custody, regulatory clarity, and infrastructure standards that asset allocators apply to every other asset class."

"As institutional demand to hold and stake NEAR keeps growing, so too will the need to do it under qualified custody," said Sal Ternullo, CEO of SVRN. "SVRN's roadmap has us building toward managing 10% of NEAR's token supply, and staking a position of that scale responsibly is a fundamental requirement of our treasury strategy—one that depends on partners like Fireblocks and Figment who meet the highest institutional standards for security and performance."

To learn more, visit https://www.fireblocks.com/trustco

About Fireblocks Trust Company

Fireblocks Trust Company, LLC is chartered as a limited-purpose trust company by the New York State Department of Financial Services to engage in Virtual Currency Business Activity. It delivers qualified custody for institutional digital assets, built on Fireblocks' defense-in-depth security architecture. Learn more at fireblocks.com/trustco.

About Fireblocks

Fireblocks is the world's most trusted digital asset infrastructure company, empowering organizations of all sizes to build, manage and grow their business on the blockchain. With the industry's most scalable and secure platform, we streamline stablecoin payments, settlement, custody, tokenization, trading, accounting operations, and compliance reporting — enabling everything from institutional finance to consumer-facing digital experiences across the largest ecosystem of banks, payment providers, stablecoin issuers, exchanges and custodians. Thousands of organizations — including Worldpay, BNY, Galaxy, and Revolut — trust Fireblocks to secure more than $14 trillion in digital asset transactions across 150+ blockchains. Learn more at fireblocks.com.

About Figment

Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 1,500 institutional clients including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. Figment is the largest non-custodial staking provider of staked Ethereum (ETH) and Solana (SOL). Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads to Figment's mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.

About SVRN

SVRN is the only NASDAQ-listed treasury company built around NEAR, the open infrastructure for the agent economy. It belongs to a new class of public companies that give investors direct, single-asset exposure to a digital asset network without holding the token directly. Beyond managing NEAR as its primary treasury asset, SVRN drives the commercial adoption of NEAR's infrastructure for agentic commerce. SVRN is a wholly owned subsidiary of OceanPal Inc. (NASDAQ: SVRN). For more information, visit www.svrn.net.

---

View original content:https://www.prnewswire.com/news-releases/fireblocks-trust-company-and-figment-enable-staking-under-qualified-custody-for-leading-near-digital-asset-treasury-svrn-302808753.html

SOURCE Fireblocks

FAQ

What did SVRN (NASDAQ:SVRN) announce with Fireblocks Trust and Figment on June 24, 2026?

SVRN became the first institution to use Fireblocks Trust and Figment’s new NEAR staking capability under qualified custody. According to Fireblocks, eligible holders can now earn NEAR staking rewards while maintaining institutional-grade custody and regulatory alignment for their digital asset balance sheets.

How does the new NEAR staking solution affect SVRN’s digital asset treasury strategy (SVRN)?

The new solution lets SVRN stake NEAR and earn rewards while assets stay under qualified custody. According to SVRN, this structure supports its strategy of building a NEAR-based treasury governed by the same custody and regulatory standards as other balance sheet assets.

What role does Figment play in SVRN’s NEAR staking under qualified custody?

Figment provides the validator infrastructure that powers SVRN’s NEAR staking rewards within Fireblocks Trust’s custody framework. According to Figment, its NORS-certified, OFAC-compliant, SOC 2 Type II and ISO 27001 infrastructure is already used by more than 1,500 institutional clients worldwide.

Why is qualified custody important for SVRN’s NEAR staking strategy (SVRN stock)?

Qualified custody allows SVRN to hold and stake NEAR under the same standards as other institutional assets. According to SVRN, meeting custody, regulatory clarity, and infrastructure requirements is fundamental to responsibly managing a large NEAR token position for its treasury strategy.

What is SVRN’s roadmap for managing NEAR token supply and staking?

SVRN’s roadmap aims toward managing 10% of NEAR’s token supply, subject to execution of its strategy. According to SVRN, responsibly staking a position of that potential scale requires partners like Fireblocks and Figment that meet high institutional standards for security and performance.

How does the Fireblocks Trust and Figment NEAR staking offering benefit institutional NEAR holders?

The offering enables institutional NEAR holders to earn staking rewards while keeping assets under regulated, qualified custody. According to Fireblocks and Figment, this structure addresses product and compliance barriers that previously limited institutional participation in NEAR staking despite growing investment conviction.