Shield Swap Adds NEAR Intents for Cross-Chain Private Trading

Shield Swap Partners With NEAR Intents on Confidential Trading

Shield Swap has partnered with NEAR Intents, an intent-based execution layer connecting assets across 34 blockchains. NEAR Intents says it has processed more than $25 billion in total volume. All figures in this story come from the two companies and have not been independently verified. The main goal here is to make it easier for people in the market to move assets between different blockchains, and to let them trade without having their actions visible to the wider public.

The partnership combines cross-chain asset movement with confidential trading. NEAR Intents lets users say exactly what end result they want, and then competing solvers handle the routing and execution. Shield Swap, on the other hand, focuses on making sure trades are private once assets are inside. When assets move into Shield Swap, user holdings and trades are meant to stay confidential. The announcement also adds that early access is open to organizations and individual traders at shield.fi.

NEAR Intents Handles Cross-Chain Asset Movement

Moving assets between blockchains normally means selecting a bridge, working out a route and holding gas tokens on several networks. NEAR Intents aims to reduce the complexity by letting people just say what outcome they want.

With an intent based approach, users pick the asset they want to move and the end result they want. There is no need to choose which bridge or to build the route manually. Instead, multiple solvers compete to handle the transaction, quoting their prices and managing the details. The goal is to get the user the best possible execution.

The project is described as a multichain transaction protocol that connects assets and users across 34 blockchains, and as mentioned in the announcement, NEAR Intents has processed more than $25 billion in total volume.

Now, Shield Swap users can access this system to get assets from EVM and non EVM networks. This means one can source assets from different blockchains and then trade them within Shield Swap, all in one connected process.

Shield Swap Brings Confidentiality to Trading

Shield Swap targets a different problem. On public blockchains, wallet activity is visible to anyone, and persistent addresses let observers infer positions and strategies over time. Shield Swap says trades execute inside the venue without revealing identity, and that balances stay encrypted under the holder’s keys.

The platform also keeps a compliance record of every transaction, which the companies say can be shared with authorised parties when required. The announcement does not specify who those parties are, under what legal process, or where the records are held.

This partnership combines confidential trading with NEAR Intents’ cross chain abilities. After your assets are inside Shield Swap and shielded, the rest of your holdings and trades stay confidential.

Privacy begins only once assets are inside Shield Swap. Transactions on the original networks are still public. What this model does is stop that public transaction history from following you into every future trade inside Shield Swap. 

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