NEAR Protocol introduces NEAR Business for multi-chain treasury management
NEAR Protocol has launched NEAR Business, a confidential multisig treasury management suite designed to allow crypto organizations to conduct payroll, swaps, and capital deployment across more than 35 blockchains from a single dashboard.
NEAR Protocol has launched NEAR Business, a confidential multisig treasury platform designed for Web3 firms, venture funds, and institutional crypto desks. According to reporting from CoinDesk and BSCNews, the platform allows finance teams to conduct payroll distribution, vendor payments, token swaps, and capital allocation across more than 35 blockchains without making transaction details public.[2][3][4]
The suite consolidates operations across multiple ecosystems—including Bitcoin, Ethereum, and Solana—into one control panel. Instead of relying on third-party bridge protocols, the system executes transactions and swaps through the NEAR Intents Solver Protocol, BSCNews reported. The setup includes a 0.35% swap fee alongside subsidized transaction gas costs, positioning the product to rival traditional institutional custody providers that charge SaaS license fees topping $18,000 per year.[1][4]
The platform's interface incorporates multisig approval workflows governed by dedicated treasury contracts, allowing teams to set their own transaction rules. A product landing page shared by DEGEN NEWS indicates that NEAR Business is currently accepting onboarding requests via an early access sign-up option.[2]
Key facts
- NEAR Protocol launched NEAR Business, an institutional-grade confidential multisig treasury platform.
- The service supports payroll, vendor payments, asset swaps, and capital deployment across more than 35 blockchains, including Bitcoin, Ethereum, and Solana.
- The platform operates without third-party bridges, running on the NEAR Intents Solver Protocol with a 0.35% swap fee and subsidized gas fees.
- NEAR Business is positioned as an alternative to traditional institutional custody providers that charge annual SaaS fees exceeding $18,000.
- Transaction details and balances remain confidential on the platform, and initial users must request early access to onboard.
Sources · 4 sources
- CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: NEAR launches multisig treasury management platform for businesses across 35+ blockchains The NEAR Business platform will let institutions manage multisig wallets, payroll and capital deployment from one dashboard, supporting assets like $BTC, $ETH and $SOL without relying on third-party bridges.
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @NEARProtocol LAUNCHES NEAR BUSINESS - A CONFIDENTIAL MULTISIG TREASURY THAT LETS CRYPTO TEAMS PAY, SWAP AND ALLOCATE CAPITAL ACROSS 35+ CHAINS https://t.co/k5WPq3pKiZ
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: @NEARProtocol launches NEAR Business, a confidential multisig treasury platform letting crypto-native teams manage payroll, vendor payments and capital allocation across 35+ chains without exposing transaction details publicly. https://t.co/ZTCzZ9J7bk
Open source - BS
BSCN@BSCNewsPost on X ·
NEAR Protocol Deploys Confidential Multisig Treasury Suite Across Thirty-Five Blockchains @NEARProtocol announces the launch of NEAR Business. NEAR Business is an institutional-grade multisig treasury management platform, tailor-made for Web3 businesses, institutional crypto desks, and venture firms. The deployment supports payroll distribution, capital deployment, and cross-chain operations across more than 35 blockchain networks, including $BTC, $ETH, and $SOL, from a single control panel withoutthird-party bridge protocols. The protocol runs on the NEAR Intents Solver Protocol, offering a 0.35% swap fee and subsidized transaction gas costs to drive $NEAR settlement value, directly competing with traditional institutional custody providers that charge annual SaaS license fees of over $18,000.
Open source