Investment firm 10X Capital announced the launch of BNB Treasury Company, intending to list on a major U.S. exchange. This move will allow investors access to the BNB ecosystem.
Launch of BNB Treasury Company
BNB Treasury Company, created by investment firm 10X Capital, will serve as a platform for attracting investments in the BNB ecosystem, the fourth-largest cryptocurrency by market cap.
Partnership with Cohen & Company Securities
To fund its initial purchase of BNB, 10X Capital is partnering with Cohen & Company Securities. This firm will handle capital raising and the management of BNB assets.
Growing Interest in BNB as an Asset
Recent purchases of BNB by companies, including a $50 million acquisition by Nasdaq-listed Nano Labs, indicate a growing interest in BNB as an asset. Ella Zhang from YZi Labs noted that the initiative merges the Binance ecosystem with institutional financial infrastructure.
The launch of BNB Treasury Company reflects increasing interest in the BNB cryptocurrency among institutional investors and may mark a significant step in expanding access to this asset in the U.S.
