SVRN Buys Digital Wallet Infrastructure Firm FastNEAR
Dow Jones
Oct 09
SVRN acquired FastNEAR, a provider of remote procedure call infrastructure for digital wallets.
FastNEAR is now a wholly owned subsidiary of SVRN and its co-founders, Evgeny Kuzyakov and Mike Purvis, have joined SVRN.
Financial terms of the deal weren't disclosed.
SVRN's treasury gives shareholders exposure to NEAR, a fleet of servers with systems operated by FastNEAR. SVRN has expanded its strategies beyond management of digital assets to actively operate the NEAR network.
SVRN intends to invest in FastNEAR's infrastructure and build additional products and services on it.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.