OceanPal Secures $120M PIPE to Launch AI Arm, Eyes NEAR Token Supply

Why It Matters

The deal highlights the convergence of logistics, AI and Web3, giving OceanPal a strategic foothold in blockchain‑based AI infrastructure and injecting substantial capital into the NEAR ecosystem, reflecting growing institutional appetite for token‑backed financing of AI projects.

Deal Summary

OceanPal announced a $120 million private investment in public equity (PIPE) to back a new AI arm while maintaining its shipping operations separately. The round is backed by investors including Kraken and Fabric Ventures and positions OceanPal to target roughly 10% of NEAR token supply.