NEAR Protocol has launched NEAR Business, a confidential multisig treasury platform that allows crypto companies and institutions to manage payments, assets and capital allocations across more than 35 blockchains.
The new platform, announced Tuesday, supports Bitcoin, Ethereum, Solana, NEAR and assets on networks including Arbitrum, Base, Avalanche, XRP Ledger, Sui and TON.
NEAR Business allows teams to pay employees and vendors, execute swaps and manage treasury balances through a single dashboard, with transactions requiring approval under rules established by each organization.
Unlike traditional public blockchain wallets, the platform keeps transaction amounts, recipient information and treasury balances confidential while maintaining publicly verifiable governance records.
The service is initially available through an invitation process, with interested organizations required to request access through the NEAR Business website.
NEAR Intents powers confidential treasury operations
NEAR Business operates through NEAR Intents, the protocol’s infrastructure for executing transactions across multiple blockchains without requiring users to interact directly with bridges.
Each treasury uses a self custodial multisig contract that enforces organizational approval thresholds, while NEAR’s multiparty computation network handles transaction signing after the required approvals are collected.
The platform also supports bulk payments, hardware wallet signing, multiple treasuries and transaction records that can be exported for accounting and auditing.
NEAR Business is free to start, with no subscription or per user fees. The platform covers network fees for the first 1,000 actions each month, while swaps carry a 0.35% fee.
The launch expands NEAR’s use of its Intents infrastructure beyond individual asset swaps into financial operations for businesses, funds and digital asset treasury companies.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.