Near Protocol hides corporate transactions and discloses approval records.

NEAR Protocol launched NEAR Business on October 20, an invite-only corporate treasury service that keeps transaction amounts, asset types, and recipients confidential while publishing approval records verifiable on-chain. The service is designed to operate across more than 35 blockchains, letting companies handle payroll, vendor payments, asset swaps, and reserve management without confining treasury operations to a single chain. Harshit Tiwari, NEAR's vice president of growth, said confidentiality should be the default, with account membership and roles disclosed alongside approval logs. The launch matters because it targets enterprises that need privacy for sensitive payments but still require auditable internal controls, a segment most public blockchains have struggled to serve. What to watch next is whether NEAR expands NEAR Business beyond its invite-only phase and whether corporate users adopt multi-chain treasury workflows at scale.