SVRN Appoints Patrick O'Kain Chief Operating Officer, Effective November 3, 2026

SVRN, Inc. appointed Patrick O'Kain as chief operating officer effective November 3, 2026, the company said in a PR Newswire release. David Schwed, who has served as chief operating officer since October 2025, will transition to senior advisor effective January 1, 2027.

O'Kain's Path From Borderless Capital to SVRN

O'Kain joins SVRN from Borderless Capital, a digital asset investment firm, where he was a general partner and led development and management of its venture fund business, overseeing fundraising, investments and operations. He previously helped establish and scale KPMG's crypto advisory practice, advising banks, fintechs and other institutional clients on digital asset products, blockchain infrastructure and regulatory strategy. At KPMG he worked closely with SVRN chief executive officer Sal Ternullo.

Earlier, O'Kain was a special agent with the U.S. Department of Justice, where he helped build the agency's cryptocurrency investigative strategies and led cryptocurrency and financial investigations. He began his career in the U.S. Intelligence Community, focused on counterterrorism and national security, and holds an MBA from Columbia Business School.

As chief operating officer, O'Kain leads SVRN's operations, product strategy and corporate development, including integration of acquired businesses. The appointment follows a year in which SVRN expanded from managing its digital asset treasury to operating NEAR infrastructure, participating in network governance and making its first acquisition, FastNEAR.

"Trust between senior leaders often takes months to form. I've known Patrick for years, and scaling KPMG's crypto advisory practice with him is why I'm certain he is the right hire to accelerate the business," Ternullo said.

Schwed joined SVRN in October 2025 and was foundational to guiding the company through its transition from OceanPal Inc. to SVRN, Inc. He will continue to work closely with the company's leadership, advising on technology and security in his new role.

SVRN's Treasury and Staking Partnerships

According to akta.pro company records, SVRN became the first institution to go live on Fireblocks Trust Company and Figment's institutional NEAR staking capability under qualified custody in June 2026. The same records list treasury holdings of 53.9 million NEAR tokens as of latest reporting, representing approximately 4.2% of NEAR circulating supply, and total treasury holdings value exceeding $133 million at the time of announcement.

SVRN's Transformation From OceanPal

In June 2026, shareholders approved the corporate name change from OceanPal Inc. to SVRN, Inc. at the 2026 Annual General Meeting, completing the rebrand around the NEAR treasury strategy, according to akta.pro company records. On August 27, 2026, SVRN announced completion of its corporate transformation from former OceanPal Inc., effective that date, after restructuring its capital stack and divesting its shipping business in July 2026, Third News reported. Also on August 27, 2026, Stock Titan reported that SVRN changed its legal name from OceanPal Inc. to SVRN, Inc., effective on the filing of an amendment to its Articles of Incorporation.