SVRN acquires FastNEAR to expand its role in the infrastructure operations of NEAR

As SVRN and Inc, this is the first acquisition after the name change. This move has brought in a core network access and data service provider, along with its founding engineering team, and has deepened the company's involvement in the NEAR ecosystem.

New York, October 8th / PRNewswire / -- SVRN, Inc. (Nasdaq ticker: SVRN) Today, we announced the acquisition of FastNEAR. FastNEAR is a company that provides RPC (Remote Procedure Call) infrastructure for applications on NEAR Protocol. These applications use this infrastructure to retrieve information from the network and submit transactions to it. FastNEAR has now become a wholly-owned subsidiary of SVRN, and its co-founders Evgeny Kuzyakov and Mike Purvis have joined the company. The terms of the transaction were not disclosed.

Most people who use digital wallets or applications do not see the systems that lie behind them. When a wallet displays its balance, developers query a historical transaction, or an application submits a payment, requests are sent to servers that hold the current copy of the network and respond on its behalf. FastNEAR handles most of the traffic for NEAR; this includes server clusters that process read and write requests to the network, archival infrastructure that stores the complete history of transactions, and key data sources for developers NEARDATA. FastNEAR processes over 3.5 billion requests per month, manages more than 100TB of data, and provides support for the NEAR ecosystem.

The treasury of SVRN enables shareholders to gain exposure to NEAR, and the company is also continuously expanding its strategy from merely managing digital assets to actively operating the NEAR network and promoting ecosystem development. SVRN pledges the NEAR in its treasury to validators that ensure network security and participates in the governance of NEAR, including co-drafting a plan approved in February 2026 that pays rewards to the operators of MPC (multi-party computing) nodes based on their performance. The acquisition of FastNEAR extends this participation to the services used daily by NEAR developers, also adding a business line with an existing customer base, whose value is distinct from the price of NEAR itself.

The services provided by FastNEAR will continue to be seamlessly offered to existing customers. SVRN plans to invest in enhancing the reliability and capacity of the infrastructure of FastNEAR, and on this basis, build more products and services.

SVRN CEO Sal Ternullo stated: "Everything built on NEAR relies on infrastructure that is invisible to most people. When a wallet displays a balance or an application submits a transaction, a system must respond quickly and accurately every time. FastNEAR has been providing this service to a large portion of the ecosystem, and it is operated by a small team. They maintain low costs because they hope for the network to grow. Operating this infrastructure brings us closer to the real needs of users. We can see where the usage is increasing and what developers need that is not yet available. These insights will shape our next direction of investment, and FastNEAR is just the first step of several steps we plan to take, with the goal of promoting the adoption of NEAR products."

About SVRN

SVRN, Inc. (Nasdaq ticker: SVRN) exists to enable individuals to continue to control their own assets, data, and the AI agents that act on their behalf. The company's work revolves around NEAR Protocol, which is an open infrastructure for the agent economy. The strategy of SVRN includes actively managing a digital asset vault anchored by NEAR, promoting the commercial adoption of NEAR products, and supporting, building, and acquiring companies that serve its mission. For more information, please visit www.svrn.net.

About FastNEAR

FastNEAR provides infrastructure for wallets, applications, and developers to read from and write to NEAR Protocol, including RPC, archiving, and data management, covering the entire ecosystem, serving over 3.5 billion requests per month. FastNEAR was co-founded by Evgeny Kuzyakov and Mike Purvis and is now operated as a wholly-owned subsidiary of SVRN and Inc. For more information, please visit fastnear.com.

Forward-looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “aims,” “will,” and similar expressions. These statements include: statements regarding the integration of FastNEAR and the continuity of its services and personnel; plans to invest in FastNEAR infrastructure and to develop additional products and services; plans for future investments and initiatives, and the company’s expectations for the role this acquisition will play therein; the expected benefits of this acquisition for SVRN, its shareholders, and the NEAR ecosystem; the continued participation in NEAR governance; as well as the company’s views on the development of infrastructure for the agency economy.

These forward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond the company's control and may result in significant differences between actual results and those stated. Important factors include: the company's ability to integrate FastNEAR, retain its personnel and customers, and operate its infrastructure reliably and securely; the cost of maintaining and expanding such infrastructure; the company's ability to identify, finance, execute, and realize the expected benefits of future investments and initiatives; competition in the blockchain infrastructure and developer services sector; market prices and volatility of NEAR, as well as the concentration of the company's assets in a single digital asset; risks related to collateralization, custody, and counterparty arrangements; the company's ability to transform pilots and collaborations into commercial deployments or revenue; the company's limited operating history since divesting from its shipping business; the company's ability to complete audits and internal control improvements and submit its delayed annual report for the fiscal year 2025 Form 20-F; the continued development, security, and adoption of NEAR Protocol; changes in laws or regulations related to digital assets; the company's ability to maintain compliance with NASDAQ listing requirements; and other risks described in the documents submitted to the U.S. Securities and Exchange Commission, including those identified in the most recent annual report Form 20-F and the Form 6-K report submitted on May 19, 2026, which can be found at www.sec.gov.

Except as required by applicable laws, the company assumes no obligation to update or revise any forward-looking statements.