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OceanPal Reports 51.3 Million NEAR Tokens and $85.5 Million in Assets

The Nasdaq-listed digital asset manager said it also had 2.85 million NEAR pledged as collateral for derivatives positions, following a previously announced $120 million PIPE investment with the NEAR Foundation.

NEAR

Summary

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Terms & Concepts
  • NEAR: The native token of the NEAR blockchain, used for transactions, network operations, and other on-chain activity.
  • Derivatives positions: Financial contracts whose value is linked to an underlying asset, with collateral posted to help manage trading risk.
  • PIPE investment: Private investment in public equity, a financing deal in which investors buy shares directly from a public company.