- $NEAR Business launches a confidential treasury management platform that hides transaction amounts, recipient details, and balances while keeping governance records publicly verifiable on-chain.
- The platform is powered by $NEAR Intents infrastructure, using self-custodial multisig contracts and multiparty computation for secure, cross-chain transaction execution without bridges.
- $NEAR Business is free to start with no subscription or per-user fees, covers network costs for the first 1,000 monthly actions, and charges a 0.35% fee on swaps.
$NEAR Business Brings Confidential Treasury Management to Organizations on the Blockchain
NEAR Protocol has introduced $NEAR Business, a treasury management platform designed specifically for organizations, funds, and digital asset companies that require financial privacy without sacrificing the auditability typically expected in blockchain-based operations. Unlike conventional public blockchain wallets — where transaction amounts, recipient addresses, and treasury balances are visible to anyone — $NEAR Business keeps that sensitive financial data confidential. Critically, governance records remain publicly verifiable, striking a balance between organizational privacy and institutional transparency.
Access to $NEAR Business is currently restricted to an invitation-based process. Organizations interested in using the platform must submit a request through the official $NEAR Business website to gain entry, indicating that the initial rollout is being managed carefully as the infrastructure scales.
How $NEAR Intents Powers Confidential Cross-Chain Operations
At the technical core of $NEAR Business is $NEAR Intents, NEAR Protocol’s purpose-built infrastructure for executing transactions across multiple blockchains. The key advantage of this architecture is that users and organizations do not need to interact directly with bridges — a common friction point and security vulnerability in multi-chain workflows. Instead, $NEAR Intents handles cross-chain coordination natively at the protocol level.
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Each treasury created on the platform operates through a self-custodial multisig contract that enforces organizational approval thresholds, ensuring that no single party can unilaterally move funds. Once the required number of approvals is collected, NEAR’s multiparty computation (MPC) network handles transaction signing. This model preserves organizational control while distributing cryptographic risk across multiple parties. The platform also supports bulk payments, hardware wallet signing, management of multiple treasuries, and the ability to export transaction records for accounting and auditing purposes — features that align the product with the compliance and operational needs of institutional users.
Pricing Structure and Accessibility
$NEAR Business is designed to lower the barrier to entry for organizations exploring on-chain treasury management. The platform is free to start, carrying no subscription costs and no per-user fees. Network fees are covered by the platform for the first 1,000 actions each month, making it cost-effective for smaller organizations or those in early stages of adoption. Beyond that threshold, swap transactions carry a 0.35% fee, representing the primary monetization mechanism for the service.
Why This Matters
The launch of $NEAR Business represents a meaningful expansion of NEAR Protocol’s $NEAR Intents infrastructure beyond its original use case of individual asset swaps. By directing that same cross-chain execution layer toward business-grade financial operations, NEAR is positioning itself to compete in the growing market for institutional blockchain treasury tools — a segment that has seen increasing demand as crypto-native funds, DAOs, and digital asset companies seek compliant, auditable, and privacy-preserving ways to manage on-chain capital. The combination of confidentiality, self-custody, and multi-chain reach addresses several longstanding objections enterprises have raised about using public blockchains for treasury operations. The invitation-only rollout suggests NEAR is prioritizing stability and controlled feedback before a broader public release.
Frequently Asked Questions
What makes $NEAR Business different from a standard blockchain wallet?
Unlike standard public blockchain wallets, $NEAR Business keeps transaction amounts, recipient information, and treasury balances confidential. However, governance records remain publicly verifiable, giving organizations financial privacy while maintaining institutional accountability on-chain.
How does the approval and signing process work for treasury transactions?
Each treasury on $NEAR Business uses a self-custodial multisig contract that enforces the organization’s required approval thresholds. Once the necessary approvals are gathered, NEAR’s multiparty computation network handles cryptographic transaction signing, ensuring no single party has unilateral control over funds.
How can an organization get access to $NEAR Business?
$NEAR Business is currently available through an invitation-based process. Interested organizations must request access through the $NEAR Business website. The platform is free to start, with no subscription or per-user fees, and network costs are covered for up to 1,000 actions per month.
