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HomeCrypto NewsOceanPal Secures $120M Funding to Establish NEAR Protocol Treasury Enterprise

OceanPal Secures $120M Funding to Establish NEAR Protocol Treasury Enterprise

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Maritime technology firm OceanPal has successfully raised $120 million in a landmark funding round to establish a specialized treasury company centered on the NEAR token. The new entity will leverage NEAR Protocol’s high-performance blockchain infrastructure alongside NVIDIA’s advanced computing solutions to develop next-generation confidential data infrastructure. This strategic initiative aims to create secure environments for sensitive data processing while providing institutional and retail investors with regulated exposure to the NEAR digital asset.

The treasury company represents a significant convergence of blockchain technology and traditional finance, offering a novel approach to digital asset management. By utilizing NEAR’s scalable proof-of-stake blockchain and NVIDIA’s enterprise-grade hardware, the platform will enable secure computational operations while maintaining stringent privacy standards. This infrastructure is designed to support various data-intensive applications across multiple industries.

Investors participating in the funding round will gain access to a structured investment vehicle that combines technology innovation with digital asset exposure. The move signals growing institutional confidence in blockchain-based treasury solutions and demonstrates the expanding use cases for protocol-native tokens beyond conventional cryptocurrency applications. OceanPal’s initiative marks a pivotal development in bridging decentralized technologies with enterprise-grade financial services.

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