SVRN Secures NEAR Protocol Infrastructure with New MPC Operator Network

The initiative centralizes the infrastructure behind Chain Signatures, which enables a single NEAR account to manage assets across 30 different blockchains. Under the new framework, 17 independent operators manage fragmented keys, requiring a minimum of 11 to cooperate for any transaction. This design removes the need for centralized custodians or bridges, a system that has already facilitated over $34 billion in cross-network volume.

SVRN’s role extended beyond governance and oversight. The company co-authored the HSP-007 incentive program, which replaced discretionary grants with a performance-based payment structure funded by protocol emissions. By vetting each operator and joining the network as a node runner itself, SVRN ensured that every participant now operates within a trusted execution environment. These hardware enclaves, built on Intel TDX, prevent hosting providers and administrators from accessing sensitive data, while providing cryptographic proof of the software running within them.

CEO Sal Ternullo emphasized that this architecture addresses a fundamental challenge in financial systems: verifying the integrity of key holders. As AI agents increasingly manage transactions, the ability to independently audit the infrastructure becomes a competitive requirement. SVRN intends to continue its oversight as the network expands toward a target of 21 operators, maintaining its focus on the security of the NEAR ecosystem.