YZi Labs, founded by former Binance CEO Changpeng Zhao, has partnered with investment firm 10X Capital to create a new treasury company aimed at attracting institutional investors to BNB.
YZi Labs’ BNB Treasury Strategy
As part of the new project, YZi Labs will issue BNB-backed shares on a major U.S. exchange, providing institutional investors with access to this cryptocurrency without the need to open wallets. David Namdar, co-founder of Galaxy Digital, has been appointed as the project's leader, while 10X Capital will handle asset management.
Impact of Nano Labs on BNB Market
Nano Labs, a chip manufacturer and one of the first public companies to invest in BNB, has allocated $50 million to acquire 74,000 BNB. The company is considering purchasing up to $1 billion in cryptocurrencies, which could significantly impact the market.
Future Prospects for BNB
Such initiatives could change the status of BNB from merely a service currency to a significant financial asset. If the strategies of YZi Labs and Nano Labs succeed, it may greatly enhance BNB’s recognition in financial circles.
The partnership between YZi Labs and 10X Capital opens new horizons for investment strategies involving BNB and could serve as a model for other companies in the crypto investment space.
