SVRN, Inc. filed an announcement on November 4, 2026, disclosing the appointment of Patrick O'Kain as Chief Operating Officer, effective November 2, 2026, and the planned transition of current COO David Schwed to a Senior Advisor role beginning January 1, 2027.

Key Highlights

  • New COO appointment: Patrick O'Kain joined SVRN as Chief Operating Officer, effective November 2, 2026, bringing more than 20 years of experience across venture capital, federal law enforcement, and national security, according to the filing.
  • Prior roles: O'Kain most recently served as General Partner at Borderless Capital; he previously co-led KPMG's crypto advisory practice and served as a Special Agent with the U.S. Department of Justice.
  • COO transition: David Schwed, who has held the COO role since October 2025, will transition to Senior Advisor effective January 1, 2027.
  • Scope of new role: As COO, O'Kain leads SVRN's operations, product strategy, and corporate development, including integration of acquired businesses, the filing states.
  • Recent company activity: The filing notes SVRN made its first acquisition, FastNEAR, and expanded into operating NEAR infrastructure and participating in network governance during the past year.
  • Education: O'Kain holds an MBA from Columbia Business School, according to the filing.

SVRN Names Former DOJ Special Agent and Borderless Capital General Partner as Chief Operating Officer

SVRN, Inc. (NASDAQ:SVRN) announced on November 4, 2026 that Patrick O'Kain has been appointed Chief Operating Officer, with his tenure beginning November 2, 2026. According to the filing, O'Kain comes to SVRN from Borderless Capital, a digital asset investment firm, where he served as General Partner and oversaw fundraising, investments, and operations for its venture fund business.

Before Borderless Capital, the filing states that O'Kain helped establish and scale KPMG's crypto advisory practice, working with banks, fintechs, and institutional clients on digital asset products, blockchain infrastructure, and regulatory strategy. It was during this period that he worked closely with SVRN Chief Executive Officer Sal Ternullo. Earlier in his career, he served as a Special Agent with the U.S. Department of Justice, where, according to the filing, he helped build the agency's cryptocurrency investigative strategies and led complex cryptocurrency and financial investigations, before which he worked in the U.S. Intelligence Community on counterterrorism and national security.

The filing also discloses that David Schwed, who joined SVRN in October 2025 and served as COO, was described as "foundational to guiding the company through its transition from OceanPal Inc. to SVRN, Inc." Schwed will continue in a Senior Advisor capacity beginning January 1, 2027, advising on technology and security. The filing includes forward-looking statements regarding the anticipated contributions of O'Kain, Schwed's transition, and SVRN's broader plans, noting that actual results may differ materially due to known and unknown risks and uncertainties.

What Was Disclosed

The filing announced the appointment of Patrick O'Kain as SVRN's Chief Operating Officer effective November 2, 2026, outlined his professional background, described David Schwed's planned transition to Senior Advisor on January 1, 2027, and noted SVRN's recent operational expansion including its first acquisition, FastNEAR.