ChainCatcher report: Nasdaq-listed company SVRN, Inc. (ticker: SVRN) announced on November 4 that Patrick O'Kain has been appointed Chief Operating Officer, effective November 3. O'Kain will oversee operations, product strategy, and corporate development, including the integration of acquired businesses. David Schwed, who has served as Chief Operating Officer since October 2025, will transition to Senior Advisor effective January 1, 2027, continuing to advise management on technology and security matters. O'Kain brings over 20 years of experience in venture capital, institutional consulting, federal law enforcement, and national security. Previously, he was a General Partner at Borderless Capital, a digital assets investment firm, where he built and managed the venture fund business, including fundraising, investments, and operations. Earlier, he helped establish and scale KPMG’s cryptocurrency consulting practice, advising banks, fintech companies, and other institutional clients, and worked alongside SVRN’s CEO, Sal Ternullo. He also served as a Special Agent with the U.S. Department of Justice, where he helped develop cryptocurrency investigation strategies and led related investigations. He began his career in the U.S. intelligence community and holds an MBA from Columbia Business School. SVRN was formerly known as OceanPal Inc., with business activities centered on the NEAR Protocol, including managing a digital asset reserve focused on NEAR, driving commercial adoption of NEAR-based products, and supporting, building, and acquiring related enterprises. The announcement states that over the past year, the company has expanded from managing digital asset reserves to operating critical NEAR infrastructure, participating in network governance, and completing its first acquisition of FastNEAR. Schwed played a foundational role in the company’s transition from OceanPal Inc. to SVRN, Inc. Sal Ternullo stated that he has worked with O'Kain for many years at KPMG and is confident he is the right leader to drive the company’s next phase of growth.
Nasdaq-listed SVRN appoints Patrick O'Kain as COO
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Summary
Nasdaq-listed SVRN, Inc. (ticker: SVRN) announced on November 4 that Patrick O'Kain has been appointed Chief Operating Officer, effective November 3. O'Kain will oversee operations, product strategy, and business development, including the integration of acquired businesses. Current COO David Schwed will transition to a senior advisor role effective January 1, 2027. O'Kain brings over 20 years of experience in venture capital, institutional consulting, and federal law enforcement. He previously co-founded Borderless Capital and worked at KPMG alongside SVRN CEO Sal Ternullo. SVRN, which operates around the NEAR Protocol, has expanded into key infrastructure and network governance. As risk-on assets gain momentum, the company’s strategic hires reflect its growth ambitions.
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