SVRN, Inc. said Thursday, Oct. 15, that it operates one of NEAR Protocol’s 17 Chain Signatures nodes and that all operators moved key shares into Intel TDX enclaves for NEAR Intents transactions on other blockchains.
The reported start dates differ. A House of Stake June performance report says SVRN joined the mainnet on June 22 and provided nine days of service that month. SVRN’s Oct. 15 release says its node has operated since July.
Chain Signatures lets NEAR accounts authorize transactions on other blockchains. The NEAR Foundation’s Oct. 15 overview says multi-party computation splits signing-key material among operators. At least 11 of the 17 must participate in a signature, and operators must approve changes to the participant list, threshold or node software through an onchain vote.
SVRN says the Intel TDX trusted execution environments (TEEs) isolate key shares and produce cryptographic proofs of the software running inside. NEAR’s public audit repository lists Trail of Bits reviews of network components, including the MPC node, contract, distributed key generation and signing protocols.
House of Stake approved HSP-007 on Feb. 20. The proposal was co-authored by SVRN Chief Executive Officer Sal Ternullo and Proximity Labs founder Kendall Cole. It established recurring payments after each service month for up to 21 operators, replacing discretionary grants that the proposal described as time-limited. The program uses protocol emissions already accruing to treasury.near; its uptime-based payments are subject to specified exceptions for excused downtime.
The proposal disclosed Ternullo’s role at SVRN and the company’s intention to become an operator. A company statement filed with the U.S. Securities and Exchange Commission reported that SVRN held more than 55.5 million NEAR tokens as of Aug. 27. The statement cautioned that the figures could change materially after an audit.
House of Stake’s report for Sept. 1–30 lists 17 eligible mainnet nodes and a calculated payout total of 73,293.34 NEAR; it does not confirm that the amount was paid. The program calls for monthly performance and payment reports, followed by an annual review led by Near One. Its schedule points to an October activity report around Nov. 5, based on the monthly reporting cadence.
