Key Takeaways
- • SVRN, the NEAR Protocol treasury company, has acquired FastNEAR, a blockchain infrastructure provider, according to a blog post dated October 10, 2026; financial terms were not disclosed.
- • FastNEAR becomes a wholly owned subsidiary of SVRN, and co-founders Eugene Kuzakov and Mike Purvis will join the company.
- • FastNEAR handles more than 3.5 billion requests per month on average and stores more than 100 terabytes of data supporting wallets, applications and developers on the NEAR network.
- • SVRN says the deal gives it a direct operating role in NEAR network infrastructure, moving beyond holding the NEAR token, and that it will increase investment in FastNEAR's reliability and throughput.
Summary
SVRN, a company that holds NEAR Protocol's NEAR token in its treasury, has acquired blockchain infrastructure provider FastNEAR. SVRN announced the completion of the acquisition in a blog post on October 10, 2026. FastNEAR will become a wholly owned subsidiary of SVRN, and its co-founders, Eugene Kuzakov and Mike Purvis, will join the company. Financial terms were not disclosed.
FastNEAR provides infrastructure on the NEAR network that allows wallets and applications to check balances and process transactions. It also stores transaction records and supplies data to developers. According to the reporting, the company handles more than 3.5 billion requests a month on average and provides more than 100 terabytes of data.
SVRN said the acquisition gives it a direct role in operating the network, extending its commitment beyond holding digital assets to investing in the infrastructure developers rely on. The company said it will increase investment to improve FastNEAR's reliability and processing capacity. Publisher coverage describes the move as shifting SVRN from primarily a digital asset treasury manager toward a more integrated NEAR ecosystem operator.
FastNEAR provides infrastructure on the NEAR network that allows wallets and applications to check balances and process transactions. It also stores transaction records and supplies data to developers. According to the reporting, the company handles more than 3.5 billion requests a month on average and provides more than 100 terabytes of data.
SVRN said the acquisition gives it a direct role in operating the network, extending its commitment beyond holding digital assets to investing in the infrastructure developers rely on. The company said it will increase investment to improve FastNEAR's reliability and processing capacity. Publisher coverage describes the move as shifting SVRN from primarily a digital asset treasury manager toward a more integrated NEAR ecosystem operator.
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