YZi Labs has partnered with 10X Capital to announce the creation of BNB Treasury, an asset management firm focused on BNB and its accessibility in the U.S. market.
Creation of BNB Treasury Company
YZi Labs, in collaboration with 10X Capital, is establishing the BNB Treasury Company, an asset management firm emphasizing BNB. Expected to launch soon, the company will initiate efforts to list BNB on major U.S. exchanges.
Expanding Access to BNB
The initiative to establish the BNB Treasury Company is aimed at expanding access to BNB in the U.S. markets. This could increase both institutional and retail involvement in BNB as interest in digital assets grows. Financial impacts of this move remain undisclosed.
BNB Market Capitalization Growth
As of July 10, BNB's market capitalization stands at $94.22 billion, which is 2.72% of the total crypto market. The price of BNB recently reached $668.74, marking a 15.87% increase over the past 90 days, with a 24-hour trading volume of $1.67 billion.
The creation of BNB Treasury Company may represent a significant step for the further growth and integration of BNB in the U.S. market, potentially boosting its transparency and community engagement.
