Luganodes x SVRN x BitGo: Institutional NEAR Staking for Public Markets

Introduction

As blockchain networks mature, participation in securing them is expanding beyond native users and early adopters. Regulated investment vehicles, public-market participants, and long-term allocators increasingly seek compliant, transparent access to on-chain yield while holding to strong security and operational standards.

Luganodes, SVRN (NASDAQ: SVRN), and BitGo continue a staking partnership that brings custody-grade NEAR staking to market through a purpose-built, institutional structure. The collaboration has reached a milestone of 10.9 million NEAR staked on NEAR Protocol through a dedicated white-label validator operated by Luganodes.

This partnership connects public markets, regulated custody, and Web3 infrastructure, giving a broad range of investors a direct path to participate in securing the NEAR network.

SVRN: Origins and Vision

Origins

SVRN lists on Nasdaq and operates a Digital Asset Treasury (DAT) focused on NEAR Protocol and the infrastructure that supports AI-native applications. Its treasury strategy gives public-market investors exposure to NEAR and the emerging agentic AI economy.

As of November 2025, SVRN held approximately 53.9 million NEAR, valued at roughly $110 million and representing over 4% of NEAR's total token supply. SVRN actively manages these holdings through staking, liquid staking, and options overlays, and reports 5%+ gross APY since inception.

The DAT structure opens participation to a broad investor base, including institutions, foundations, sovereign entities, and retail investors, within a regulated public-market framework.

Vision

SVRN's long-term vision centers on sovereignty: sovereignty for AI systems, which need secure and performant rails to coordinate complex tasks, and sovereignty for individuals, whose capacity for action grows through that technology.

As AI evolves into autonomous agents that transact, coordinate, and manage assets, the underlying infrastructure must be privacy-preserving and user-owned by design. SVRN sees NEAR as well positioned to support this future and aims to serve as a leading public-market vehicle aligned with it.

NEAR: The Foundation for Agentic Economies

NEAR Protocol supports scalable, high-performance applications and, increasingly, AI-native workloads. Today NEAR powers:

• Over 46 million monthly active users.
• $100 million to $200 million in daily transaction volume through NEAR Intents.
• A unified liquidity layer and a vertically integrated AI stack.

For SVRN, NEAR serves as more than a Layer 1 blockchain. It functions as a settlement layer for autonomous agent economies, where value exchange, identity, and computation converge. Staking NEAR at scale aligns SVRN's treasury strategy with network security and long-term protocol growth.

BitGo: Secure, Regulated Custody

BitGo is the first purpose-built qualified custodian for digital assets and a cornerstone of institutional crypto infrastructure. In this partnership, BitGo provides secure, regulated custody for SVRN's NEAR holdings and keeps them fully stakeable.

Luganodes and BitGo have worked together for over two years, delivering in-custody staking across multiple networks. That collaboration integrates custody and validator operations cleanly, so clients earn on-chain rewards without compromising security or compliance.

Luganodes: Long-Term NEAR Expertise

NEAR was one of the first networks Luganodes supported. We have validated on NEAR since 2022, contributing to the ecosystem and supporting a wide set of clients staking on the network. Luganodes has consistently ranked among NEAR's top validators, earning trust through reliability, performance, and transparent operations.

Our work with BitGo has expanded across multiple chains, with a shared focus on secure, high-quality staking for institutional clients. The dedicated white-label NEAR validator for SVRN builds on this experience and reflects our commitment to long-term, aligned participants in the NEAR ecosystem.

Staking Structure

The SVRN staking program meets the operational and compliance needs of regulated capital while remaining fully on-chain.

• SVRN supplies the capital, deploying NEAR from its Digital Asset Treasury and opening participation to a broad investor base.
• BitGo serves as custodian, providing secure, regulated custody for the assets.
• Luganodes operates the staking infrastructure, running a white-label NEAR validator dedicated to SVRN.
• NEAR Protocol provides the underlying network for scalable, production-grade staking.

This structure lets SVRN offer custody-grade, compliant NEAR staking while keeping full control over validator branding and operations.

Why This Matters

This partnership shows how regulated investment vehicles can participate in on-chain staking safely and efficiently. By combining public-market access, qualified custody, and professional validator operations, it connects traditional capital markets and Web3 infrastructure in a single, cohesive model.

It also sets a blueprint for how large-scale investors can access NEAR staking through trusted custodians and experienced operators, while preserving decentralization and network alignment.

Conclusion

SVRN, BitGo, Luganodes, and NEAR each hold a critical layer of the modern digital asset stack: public markets, custody, infrastructure, and protocol. Bringing these layers together advances how capital participates in securing blockchain networks. The partnership aligns long-term treasury strategy with network security, broadens access to on-chain rewards, and supports NEAR's evolution as a foundation for agentic, AI-native commerce.

At Luganodes, we are proud to support SVRN's vision and to operate the infrastructure behind this initiative. The collaboration reflects our ongoing commitment to building secure, scalable, and institution-ready staking infrastructure for the next era of Web3.

About Luganodes

Luganodes is a world-class, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 40+ PoS networks and serving 60+ institutional cliens, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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