SVRN Acquires FastNEAR, Bringing Core NEAR Data Infrastructure In-House

SVRN said on October 8 that it had acquired FastNEAR, making the provider of NEAR RPC, archival and data infrastructure a wholly owned subsidiary. The acquisition brought an operational layer of the NEAR ecosystem inside SVRN, whose activities had previously centred on asset reserves. Financial terms were not disclosed in SVRN’s Form 6-K exhibit . FastNEAR’s systems handle more than 3.5 billion requests and over 100 terabytes of data each month, according to SVRN’s filing.

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