The NEAR Treasury Company SVRN has officially announced the acquisition of FastNEAR, a prominent infrastructure service provider within the NEAR ecosystem. Following the completion of this transaction, FastNEAR will operate as a wholly-owned subsidiary of SVRN. This strategic move aims to consolidate core technical resources and bolster the underlying architecture of the NEAR Protocol, ensuring greater stability and scalability for decentralized applications.
Integration of High-Performance RPC and Data Services
FastNEAR has established itself as a critical component of the blockchain's ecosystem, functioning as a high-performance Remote Procedure Call (RPC) infrastructure provider. Its technology stack is essential for the operation of most NEAR-based applications, facilitating the communication between decentralized software and the blockchain. The acquisition includes FastNEAR’s comprehensive suite of services:
- Server Clusters: Specialized units designed to handle high-frequency network read and write operations.
- Archival Infrastructure: Systems dedicated to storing the complete, historical record of every transaction on the network.
- NEARDATA: A specialized data source for developers that streamlines the processing of historical information.
By integrating these assets, SVRN intends to provide a more robust backbone for the data layer, reducing latency for end-users and improving the developer experience.
Talent Acquisition and Leadership Transition
As part of the merger, FastNEAR co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis have joined the SVRN team. Their transition marks a significant transfer of technical expertise to the treasury company, ensuring that the development of core infrastructure remains aligned with the broader goals of the NEAR ecosystem. The founders' involvement is expected to accelerate the implementation of advanced archival and data processing solutions.
Following the transaction, FastNEAR has become a wholly-owned subsidiary of SVRN, and its co-founders have also joined the SVRN team to support continued growth.
This consolidation reflects a growing trend in the cryptocurrency industry where treasury-backed entities acquire specialized service providers to secure the long-term reliability of their respective networks. As of October 10, 2026, the integration process is underway, with no immediate service interruptions reported for developers currently utilizing FastNEAR’s RPC endpoints.
Frequently Asked Questions
Quick answers to the most common questions about this topic.
For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
Fact-checked per our editorial policy. We maintain strict independence from advertisers. Spot an error? Let us know.