What is a Treasury?

A treasury lets teams manage crypto assets across multiple chains while keeping their financial data private. Only treasury members can view this information. Under the hood, each treasury is a multisig wallet in which members have specific roles. Every action starts as a proposal. In the NEAR Business interface, proposals are shown as requests. Eligible members review and vote on them before execution.

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Confidential Treasuries

In NEAR Business, all treasuries are confidential. Unlike classic public treasuries, their financial data is visible only to team members.

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Chains and Assets

Treasuries can hold crypto assets on multiple chains, allowing teams to manage their funds from a single platform without using multiple wallets.

...and many more

ADI

Aleo

Arbitrum

Aurora

Avalanche

Base

Bera

BNB Chain

Bitcoin Cash

Dash

Dogecoin

Gnosis

Litecoin

Monad

Optimism

Plasma

Scroll

Starknet

Stellar

Tron

XLayer

XRP

Zcash

New chains and assets are added regularly. If you do not see a specific chain or asset, contact the NEAR Business team to request support for it.

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Team Members and Roles

A treasury is composed of multiple members, and each member can be assigned multiple roles and permissions. There are three main roles in a treasury:

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Governance and Proposals

In a treasury, nobody can make unilateral decisions regarding the management of funds or team members. Instead, each treasury defines a minimum number of members who need to agree before performing an action—this is called the voting threshold. All actions—whether making a payment, swapping tokens, or managing team members—must be proposed first, and relevant team members can vote on them. If a proposal reaches the required voting threshold, the system executes it automatically. This way, treasuries ensure that all decisions are made collectively, thus minimizing risks and maximizing security.

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Security Model

NEAR Business secures treasuries through three mechanisms:

1. Multiple members – actions require approvals from more than one wallet
2. Roles – limit what actions each wallet can perform
3. Voting thresholds – define how many approvals are required for an action to be executed

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Frequently Asked Questions

Do I need to deposit funds to use a treasury?

A treasury is a wallet on its own, so you would need to deposit funds into the treasury to be able to use them.Once the funds are in the treasury, they can be managed by the team according to the defined roles and voting rules.

Who holds the funds I deposited?

The funds are controlled by the treasury, which is a multisig wallet smart contract on NEAR.The treasury is controlled by your team members through governance. The NEAR Business team does not custody your keys or funds, nor does it have access to them.

Does each treasury have its own address on every chain?

Your treasury holds and controls its assets as token balances on NEAR’s private shard, so it does not need a separate wallet on every chain.The tokens backing those balances on each chain are held in non-custodial pools managed by the near.com infrastructure.Learn more about where assets are held and how deposits and withdrawals work.

What happens if NEAR Business is unavailable? How can I access my funds?

Your funds remain on-chain and under the treasury control. Team members can use alternative interfaces or command-line tooling to keep managing the treasury.

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Ready to Get Started?

Create your treasury now and start managing your team’s crypto assets securely and collaboratively!