Expanding NEAR Intents: Passkeys & OTC Trading Now Live

At The Road to One Trillion Agents event during ETHDenver 2025, NEAR introduced two major upgrades to NEAR Intents: passkeys for seamless authentication and OTC trading for direct, peer-to-peer exchanges. These features bring a new level of usability and flexibility to NEAR Intents while reinforcing NEAR’s vision of autonomous, user-controlled finance.

What is NEAR Intents?

NEAR Intents represent a paradigm shift in transaction models, enabling seamless cross-chain and real-world interactions. Unlike traditional transactions that require users to manually execute complex operations, Intents allow users to simply declare their desired outcome, letting a specialized network of solvers compete to fulfill the request.

The intents protocol facilitates the entire transaction process end to end: discovering assets, sending quotes, settling transactions, and resolving potential disputes, all while maintaining security and transparency through on-chain settlement.

Passkeys: A New Standard for Blockchain Security

One of the biggest obstacles in crypto today is key management. Private keys and seed phrases are difficult to store securely, creating barriers for new users and security risks for experienced ones. 

Now, users can simply access the platform using NEAR, Ethereum, or Solana wallets and store their cryptocurrency non-custodially on-chain using passkey authentication. This approach to security eliminates the need for complicated seed phrases while maintaining true ownership of digital assets.

Watch the demo to experience seamless, secure access with passkey authentication.

OTC Trading: A Direct Marketplace

The new OTC trading functionality transforms how peer-to-peer transactions can occur without reliance on traditional exchange pricing mechanisms.

Rather than swapping assets at the current market rate, users can directly negotiate a trade at a fixed price with a known counterparty. Once the buyer and seller agree on a price, NEAR Intents handles the transfer, ensuring a trustless, efficient, and seamless settlement.

Watch the demo:

Expanding Multi-Chain Support

NEAR Intents supports multiple blockchains, including Bitcoin, Solana, Ethereum, NEAR, Base, Arbitrum, Ripple, DOGE, Zcash, and Bera, with BNB, Gnosis, Polygon, and Aurora.

Aurora Labs CEO and core contributor to the Intents protocol, Alex Shevchenko said in a recent talk: “Since NEAR Intents was introduced, we’ve seen a steady surge in daily trading volume. This was achieved with no special marketing campaign or incentives…people are using it because they see the value of permissionlessly and trustlessly transacting across chains.”

Multiple DeFi partners, like Infinex, Templar, Rhea, Kyber Swap and Satoshi Port, are already integrating the NEAR Intents protocol directly into their platforms, providing users with convenient access points while expanding the ecosystem’s reach.

Start Using NEAR Intents Today

These latest upgrades reinforce NEAR’s mission to make decentralized transactions intuitive, secure, and AI-driven. Explore NEAR’s Intents documentation to get started.