OceanPal, a Nasdaq-listed shipping company known for its innovative solutions, has made a significant move into the world of cryptocurrency. Through a $120 million private equity investment (PIPE) in collaboration with NEAR, OceanPal is establishing a new subsidiary called SovereignAI Services LLC. This subsidiary aims to leverage the potential of digital assets and AI technologies. Partners like Kraken, Proximity, Fabric Ventures, G20 Group, and the NEAR Foundation joined this investment round alongside the NEAR Foundation. 10% of the NEAR token supply will be acquired by OceanPal over time for its strategic use in their venture. The company intends to create a digital asset treasury anchored on NEAR Protocol and develop an AI-powered platform using NEAR and Nvidia technologies, paving the way for autonomous trading within the NEAR ecosystem.