NEAR Protocol (@NEARProtocol) has launched NEAR Business, a multisig treasury management platform aimed at Web3 companies, institutional crypto desks and venture firms. The product is pitched
NEAR Protocol (@NEARProtocol) has launched NEAR Business, a multisig treasury management platform aimed at Web3 companies, institutional crypto desks and venture firms. The product is pitched as an institutional-grade alternative to traditional custody and treasury software.
The platform supports payroll distribution, capital deployment and cross-chain operations across more than 35 blockchain networks, including $BTC, $ETH and $SOL. Teams manage these activities from a single control panel and do not need third-party bridge protocols.
A related NEAR-linked treasury product, Trezu, describes a similar setup. Its site says users can manage BTC, ETH, SOL, NEAR and 35+ chains from one dashboard, and run transactions and cross-chain swaps without an external bridge. The site also lists public and confidential treasury modes, bulk payments and audit-ready exports. One user testimonial on the site says a project has moved its treasury, including payroll, to confidential treasuries.
Multisig wallets are widely used for business treasuries because they spread signing authority across several people. A single-signature wallet fails if one key is compromised, while a multisig wallet distributes signing authority across several holders, according to B2BinPay's guide to business multisig wallets.
NEAR Business runs on the NEAR Intents Solver Protocol. It charges a 0.35% swap fee and subsidises transaction gas costs, a structure designed to drive settlement value for $NEAR. NEAR Protocol positions the pricing against traditional institutional custody providers that charge annual SaaS licence fees above $18,000.
NEAR Intents has grown quickly as a cross-chain settlement layer. NEAR describes it as a fast-growing cross-chain infrastructure that uses an outcome-driven transaction architecture and a solver-based settlement mechanism. More recently, Near Intents recorded $4.59 billion in trading volume over 30 days, with cumulative volume since launch above $35 billion, according to Digital Today, which cited U.Today.
The scale of that activity gives NEAR Business an existing liquidity base for the cross-chain swaps it offers. Whether treasury teams adopt it will depend on how the 0.35% fee compares with existing tools and on how institutions weigh non-custodial multisig setups against regulated custodians. NEAR Protocol has not published adoption figures for the new product.
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