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.