NEAR just launched NEAR Business (invite-only for now) - basically corporate treasury management across 35+ chains with PRIVATE transactions. No more exposing your payroll, supplier payments, and reserve balances to every competitor watching onchain.
VP of Growth Harshit Tiwari's thesis: businesses won't move serious money onchain if everything's visible. Makes sense. You don't want competitors front-running your moves or attackers mapping your liquidity.
Key features:
- Private tx amounts, assets, recipients
- Public governance (roles, approvals) for compliance
- Self-custodial multisig via NEAR's MPC network
- Zero subscription fees, only swap fees via NEAR Intents
- Cross-chain (not locked to one ecosystem like Zama/Aztec)
They already pulled in several million in assets - L1 foundations, startups, and NEAR Intents partners using it to store fees.
Context: This dropped 3 weeks after NEAR Intents got exploited for $3.8M (attacker returned funds after 48hr ultimatum). They've since beefed up security with AI threat detection (SHIELD) and real-time monitoring via ZeroShadow/Seal911.
Tiwari's forward look: AI agents will run more treasury ops soon, so they're building in formal code verification and confidential computing.
Bullish signal if you're betting on institutional/corporate adoption. Privacy at the transaction layer while keeping governance transparent = the unlock enterprises actually need.
VP of Growth Harshit Tiwari's thesis: businesses won't move serious money onchain if everything's visible. Makes sense. You don't want competitors front-running your moves or attackers mapping your liquidity.
Key features:
- Private tx amounts, assets, recipients
- Public governance (roles, approvals) for compliance
- Self-custodial multisig via NEAR's MPC network
- Zero subscription fees, only swap fees via NEAR Intents
- Cross-chain (not locked to one ecosystem like Zama/Aztec)
They already pulled in several million in assets - L1 foundations, startups, and NEAR Intents partners using it to store fees.
Context: This dropped 3 weeks after NEAR Intents got exploited for $3.8M (attacker returned funds after 48hr ultimatum). They've since beefed up security with AI threat detection (SHIELD) and real-time monitoring via ZeroShadow/Seal911.
Tiwari's forward look: AI agents will run more treasury ops soon, so they're building in formal code verification and confidential computing.
Bullish signal if you're betting on institutional/corporate adoption. Privacy at the transaction layer while keeping governance transparent = the unlock enterprises actually need.