Back to collectionNEAR Launches Invite-Only Confidential Multisig Treasury
NEAR Business combines approval rules, confidential payment details and multichain treasury operations, but access is initially limited to invited teams.
NEAR launched NEAR Business on 20 October as a confidential multisig treasury for crypto-native teams. The service supports payroll and vendor payments, bulk transfers, swaps and capital allocation across more than 35 chains. Approval membership and votes remain verifiable onchain, while the announcement says balances, recipients and transaction details are kept inside a confidential environment.
The treasury contract is described as self-custodial and uses NEAR Intents for execution, with configurable roles and approval thresholds. The launch is not yet broad public availability: NEAR Business is invite-only while a small group of teams is onboarded after a walkthrough. The announcement establishes a functioning offered service, not adoption, assets under management or independent proof of every privacy claim.