# NEAR Business

> NEAR Business is a treasury-management service for crypto-native teams that provides confidential, multisignature management of payments, swaps, and capital allocation across blockchains.

- Canonical URL: https://iq.wiki/wiki/near-business
- Categories: Projects & Protocols
- Tags: Ethereum, Bitcoin, Payments, Solana, Infrastructure
- Created: 2026-10-20T21:56:19.371Z
- Last updated: 2026-10-20T21:56:19.371Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

---

**NEAR Business** is a confidential multisignature treasury-management service introduced by [NEAR Protocol](https://iq.wiki/wiki/near-protocol) on October 20, 2026, for crypto-native organizations managing shared assets across [blockchains](https://iq.wiki/wiki/blockchain). It brings payroll, vendor payments, [cross-chain swaps](https://iq.wiki/wiki/cross-chain-swaps), capital allocation, and treasury approvals into one dashboard, with support for more than 35 chains.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)[[3]](#cite-id-f2pr0qah1w)

## History and Launch

[NEAR Protocol](https://iq.wiki/wiki/near-protocol) presented NEAR Business as a response to the public visibility of onchain treasury balances, salaries, and vendor payments, as well as the need for organizations to coordinate approvals, fund movements, and bookkeeping across separate tools. The service extends NEAR’s cross-chain execution and privacy infrastructure to organizational treasuries, following the introduction of near.com, a multi-chain product for individuals. Both products use [NEAR Intents](https://iq.wiki/wiki/near-intents) for cross-chain execution.[[2]](#cite-id-u4bs0usjiq)[[4]](#cite-id-127gztag42)

At launch, access was invite-only while NEAR onboarded a small group of teams. The company offered prospective customers a 30-minute walkthrough tailored to their signer configuration and supported chains.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)

## Architecture and Confidentiality

NEAR Business separates the shared dashboard from the system that holds and authorizes treasury assets. Its launch materials describe funds as held through [NEAR Intents](https://iq.wiki/wiki/near-intents) and controlled by a self-custodial Treasury Contract that permits a transaction only when the organization’s approval rules are satisfied. NEAR Business states that it holds neither a key nor a key share that could move funds unilaterally or override those rules.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)[[5]](#cite-id-lp93de563e)

The launch announcement identifies each treasury’s governance contract as a SputnikDAO multisignature contract on NEAR [mainnet](https://iq.wiki/wiki/mainnet), while the product documentation describes confidential treasury contracts as multisignature wallet contracts deployed on a private NEAR shard. The documentation explains that treasury assets are represented as token balances in a near.com [smart contract](https://iq.wiki/wiki/smart-contract) on that shard, with pooled accounts across public chains supporting deposits and withdrawals. This lets a treasury manage assets across chains without maintaining a separate wallet on each one.[[2]](#cite-id-u4bs0usjiq)[[6]](#cite-id-zfyikxrq8x)

For a transaction request, the approval is tied to a specific transaction by a hash of its quote, without exposing the transaction details publicly. After the request reaches its approval threshold, the Treasury Contract asks NEAR’s [multi-party computation (MPC)](https://iq.wiki/wiki/multi-party-computation-mpc) signing network to produce a signature. The signing key is divided among independent [node](https://iq.wiki/wiki/node) operators, and signing proceeds only when the required threshold cooperates. The launch materials identify this as the same network used by Chain Signatures.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)

Balances, swaps, and payments are processed on a confidential NEAR shard operated by independent, permissioned [validators](https://iq.wiki/wiki/validator). The documentation says the shard keeps treasury financial data and transaction details from public access, while the launch materials distinguish confidential transaction details from governance information: membership, roles, and votes remain verifiable onchain. External observers may be able to see that a proposal exists and how members voted, but only team members can see its type, amount, asset, and recipient.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)[[6]](#cite-id-zfyikxrq8x)

The service supports payments to confidential near.com accounts and to public wallet addresses. Payments to near.com accounts settle within the confidential environment; recipients log in to access and withdraw the funds. For a public-wallet payment, funds are bridged from the private shard to the recipient’s chosen [blockchain](https://iq.wiki/wiki/blockchain), and the recipient sees a near.com account as the sender rather than the treasury’s direct address. Deposits can be made through a temporary address that automatically bridges funds to the private shard; these addresses are single-use and valid for 14 days. Teams with a confidential near.com account can also transfer assets directly to a treasury account.[[6]](#cite-id-zfyikxrq8x)[[7]](#cite-id-ja5iumiy8b)

NEAR describes confidentiality as limiting public observation, not concealing activity from authorized team members. Teams can view their balances and transaction details, while receipts and transaction histories are intended for internal records and audit workflows. The company says auditors can receive records and use the blockchain as a verifiable audit log; Coinwy cautioned that the absence of payment details from standard block-explorer queries should not, by itself, be treated as proof that all observers are cryptographically unable to infer activity.[[8]](#cite-id-kt29pgegvw)[[5]](#cite-id-lp93de563e)[[9]](#cite-id-jh69u7jgzy)

## Treasury Operations and Products

The dashboard supports single and bulk payments to supported-chain addresses or near.com accounts. Bulk requests for payroll, grants, and vendor payments can be entered manually or uploaded by CSV, and the service supports batches to multiple recipients. Users can also deposit assets, swap across chains, allocate capital to positions and reserves, and rebalance holdings. NEAR Business advertises support for more than 35 networks and more than 180 assets, including [Bitcoin (BTC)](https://iq.wiki/wiki/bitcoin-btc), [Ether (ETH)](https://iq.wiki/wiki/ether-eth), [Solana (SOL)](https://iq.wiki/wiki/solana-sol), and NEAR. Named supported networks include [Arbitrum](https://iq.wiki/wiki/arbitrum), [Base](https://iq.wiki/wiki/base), [Optimism](https://iq.wiki/wiki/optimism), [Polygon](https://iq.wiki/wiki/polygon), [Avalanche](https://iq.wiki/wiki/avalanche), [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), TON, [Sui](https://iq.wiki/wiki/sui), [Aptos](https://iq.wiki/wiki/aptos), [Cardano](https://iq.wiki/wiki/cardano-ada), [Stellar](https://iq.wiki/wiki/stellar), [XRP](https://iq.wiki/wiki/xrp), [Dogecoin](https://iq.wiki/wiki/dogecoin), and [Litecoin](https://iq.wiki/wiki/litecoin).[[1]](#cite-id-66fvne48up)[[5]](#cite-id-lp93de563e)[[8]](#cite-id-kt29pgegvw)

[NEAR Intents](https://iq.wiki/wiki/near-intents) provides the cross-chain execution layer. A user specifies an intended outcome, such as a swap, and solvers—including professional market makers—compete to fulfill it. A Verifier contract on NEAR settles the result atomically, so a swap either completes in full or is refunded. NEAR has identified Ledger, [Trust Wallet](https://iq.wiki/wiki/trust-wallet), Brave, and [LI.FI](https://iq.wiki/wiki/lifi) as teams using NEAR Intents as core infrastructure.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)

A multi-treasury view lets an organization keep separate treasuries for different entities, funds, or teams. The service also provides named contacts, transaction histories exportable as CSV, Excel, or JSON, and PDF receipts. NEAR says the exports are intended to fit existing accounting, audit, and board-reporting workflows.[[1]](#cite-id-66fvne48up)[[5]](#cite-id-lp93de563e)[[8]](#cite-id-kt29pgegvw)

## Governance and Approvals

Treasury members connect using their own browser, mobile, or [hardware wallets](https://iq.wiki/wiki/hardware-wallet) and collectively control treasury assets and actions. The product defines three roles. Requestors can create financial requests, including payment, [staking](https://iq.wiki/wiki/staking), unstaking, withdrawal, and exchange requests, but cannot vote on them. Finance members vote to approve or reject financial requests but cannot create them or change treasury settings. Governance members manage membership and configuration, including voting duration and approval thresholds; they can vote on configuration requests but not on financial requests created by Requestors. Members can hold more than one role and receive the combined permissions.[[10]](#cite-id-69x2vguemr)

Governance is the highest-trust role because it controls membership and voting rules. NEAR’s documentation recommends assigning it to highly secure wallets, using appropriately high voting thresholds, separating financial operations from treasury configuration, and reviewing roles and permissions periodically. These controls are designed to distribute authority rather than give any single member unilateral control.[[10]](#cite-id-69x2vguemr)

Payment requests require a Requestor to submit the recipient address, token, amount, and destination network; a comment can be added for approvers. A request cannot be edited after submission, so a request requiring changes must be deleted and recreated. The documentation warns that payments sent to an incorrect address may be unrecoverable and that executed payments are irreversible. The Address Book stores frequently used recipient addresses for reuse across networks.[[7]](#cite-id-ja5iumiy8b)

## Intended Users and Ecosystem

NEAR presents the service for organizations whose spending is governed by councils, boards, or investors. Its stated use cases include foundations handling mandates, vesting, and grants; digital-asset treasury companies reconciling activity across chains and entities; funds, trading desks, and family offices managing cross-chain positions and settlement; and [Web3](https://iq.wiki/wiki/web3) companies paying employees, contractors, and vendors.[[1]](#cite-id-66fvne48up)

A BSC News report cited [NEAR Intents](https://iq.wiki/wiki/near-intents) activity of $4.59 billion in trading volume over 30 days and more than $35 billion in cumulative volume since launch, presenting that activity as an existing liquidity base for NEAR Business swaps. It also described adoption of the treasury product as dependent in part on how teams assess the swap fee and compare self-custodial multisignature arrangements with regulated custodians.[[11]](#cite-id-bv3y3vncew)

## Pricing and Availability

NEAR Business advertises no subscription, annual contract, per-seat fee, product tiers, or add-ons, and allows organizations to create multiple treasuries and add unlimited users without asset caps. The service covers [gas](https://iq.wiki/wiki/gas) for the first 1,000 actions per month; standard network fees apply thereafter. Swaps carry a 0.35% fee, included in the quote shown to approvers.[[1]](#cite-id-66fvne48up)[[2]](#cite-id-u4bs0usjiq)[[5]](#cite-id-lp93de563e)

NEAR contrasted the service with enterprise custody platforms that it said can cost more than $18,000 annually, require annual contracts, and take weeks to set up. The company advertised setup in minutes and offered a walkthrough based on a prospective customer’s signer setup and chains.[[1]](#cite-id-66fvne48up)[[5]](#cite-id-lp93de563e)[[4]](#cite-id-127gztag42)