Oracle and SVRN collaborate on stablecoin payment PoC built on NEAR

A customer places an order and chooses to pay with a simulated stablecoin. Within seconds the payment confirms, Oracle Simphony updates the order, and the customer walks away without the checkout having felt any different.

That is exactly the point. Enterprise payment infrastructure does not succeed by changing how merchants operate; it succeeds by fitting into the systems they already run while adding new capability underneath them.

Demonstrating that is what Oracle and SVRN set out to do in a new proof of concept, one that integrated a stablecoin payment flow into Oracle Simphony POS and connected it to Oracle's enterprise digital asset infrastructure. The PoC used NEAR for settlement, and the checkout flow was designed around a target speed of under three seconds. Card rails stay. The demonstration was blockchain-based payments operating alongside them, with richer enterprise workflows after settlement.

Oracle Simphony is one of the world's most widely deployed cloud POS platforms for hospitality and food service, supporting more than 200 software integrations and processing more than 6.3 billion transactions annually. The proof of concept explored whether blockchain-based payments could enter an environment of that scale without changing the checkout experience for the cashier or the customer, and then flow into Oracle Digital Assets Data Nexus, the orchestration layer that connects on-chain settlement with treasury, ERP, loyalty, compliance, and broader enterprise workflows.

In a recent Bankless interview, CEO Sal Ternullo described SVRN as a commercial partner bringing NEAR infrastructure into enterprise systems and operational environments, a role he distinguished from that of a treasury vehicle holding ecosystem exposure. This collaboration with Oracle is what that key pillar of the business looks like in practice.

Why enterprise payment infrastructure is evolving

Traditional payment infrastructure was built around delayed settlement, multiple intermediaries, and reconciliation processes spread across disconnected financial networks. Those systems operate at enormous scale, yet they were designed long before programmable payments, AI agents, and cross-platform automation became realistic parts of commerce.

That environment is changing. AI systems already automate procurement, treasury monitoring, customer interactions, and subscription management, and as software begins participating directly in financial activity, payment infrastructure will need to become more interoperable, more programmable, and more capable of integrating with the enterprise workflows around it.

Oracle makes the same argument from the enterprise perspective. The opportunity goes past another payment button at checkout by connecting payment acceptance to settlement, treasury, loyalty, supplier payouts, ERP systems, and eventually agentic commerce, so a completed transaction starts something rather than ends it.

What the proof of concept demonstrated

Our goal was to complete a stablecoin transaction inside a production-grade POS environment while holding the baseline checkout experience on execution time, cost, and latency, then hand the settled value to enterprise systems. The test environment paired a sample merchant application with Oracle Simphony and the NEAR blockchain, using a simulated stablecoin as the payment instrument. A customer placed an order and selected the blockchain payment option; once the payment confirmed, the merchant application updated Simphony and returned order status to the customer, with the full sequence targeted to complete in under three seconds.

Underneath that sequence, payment authorization triggered Digital Assets Data Nexus to create a NEAR Intent that was broadcast to a solver auction. The NEAR ledger validated the intent signature almost instantly, letting the winning solver advance funds directly to the merchant wallet on the target chain, and the merchant application closed out the open register ticket in Simphony. Digital Assets Data Nexus then captured the settlement event and triggered business rules, compliance logging, and updates toward treasury, ERP, and loyalty systems.

Checkout, though, is only step one.

Oracle is careful about where the economic advantage sits. Reduced transaction costs and faster settlement matter, but a merchant that off-ramps every transaction back to fiat gives most of that back in ramps and spreads, the pattern Fed Governor Christopher Waller called the “stablecoin sandwich.” The advantage compounds when settled value stays programmable inside enterprise systems: treasury operations, tokenized loyalty, supplier payouts, reconciliation, and the AI-driven workflows now taking shape around all of them.

Why NEAR

Oracle explains its selection criteria directly: low-latency execution, low per-transaction network costs, multichain settlement abstraction through NEAR Intents, and delegated authorization through account abstraction. In Oracle's words, NEAR's “architecture supported the checkout characteristics we wanted to validate.”

Those same characteristics are driving adoption across the broader NEAR ecosystem, where Infinex uses NEAR Intents and chain signatures to simplify cross-chain user experience, Venice AI runs privacy-preserving inference on NEAR infrastructure, and Zashi has integrated NEAR Intents to streamline onboarding into the Zcash ecosystem.

Across payments, wallets, AI infrastructure, and privacy applications, NEAR increasingly acts as a coordination layer that removes operational complexity from users and developers alike. The same capabilities matter when the user is a point-of-sale terminal settling payments in seconds, and they matter again when the user is an AI agent operating within a defined spending authority.

SVRN's role

SVRN sourced this collaboration and worked it end to end, bringing the concept to Oracle, advising on the NEAR settlement architecture, and coordinating the technical build alongside Oracle's Simphony and Digital Assets Data Nexus teams. Oracle's writeup credits SVRN as its partner on the settlement flow.

This is one of SVRN's core pillars at work. Enterprise adoption of blockchain rails needs a counterparty fluent in both halves of the build, the POS and ERP systems on one side and intent-based settlement on the other, and SVRN holds that position for NEAR. The same work runs through validator operations, ecosystem partnerships, and institutional coordination.

Toward agentic commerce

Oracle places the proof of concept within the industry's broader move toward agentic commerce, pointing to initiatives that include Stripe's Agentic Commerce suite, Visa Intelligent Commerce, and Mastercard Agent Pay. As AI agents begin sourcing products, comparing suppliers, authorizing purchases, and managing working capital on behalf of the businesses that deploy them, programmable payment rails become considerably more attractive than payment systems designed exclusively around manual human checkout.

Oracle states that the principles demonstrated here, intents among them, combined with the AI capabilities of Digital Assets Data Nexus, create a foundation for integrating agentic payment capabilities, and it describes a merchant-authorized agent that could source inventory, check approved supplier rules, initiate payment from a governed wallet, and record the transaction back into enterprise systems with controls intact throughout.

Two of the four criteria that led Oracle to NEAR point straight at that future. Settlement abstraction through Intents lets a transaction be expressed as a desired outcome rather than a manually coordinated sequence of steps, while delegated authorization through account abstraction lets one party transact within defined limits on behalf of another. Those are foundational capabilities for the kind of agentic commerce Oracle describes, and they are already the reasons NEAR was selected for a checkout test today.

What comes next

This remains a proof of concept, and production deployments will require jurisdiction-specific regulatory compliance, enterprise-grade dispute and refund workflows, and deeper integration across merchant applications, ERP systems, treasury platforms, and customer-support infrastructure.

That work lies ahead, but one of the largest enterprise software companies in the world has now published a working demonstration of blockchain infrastructure inside software that already powers global commerce. For SVRN, the mission remains: bringing NEAR infrastructure into the systems businesses already use, one integration at a time. Read Oracle's full technical writeup here.