YZi Labs, the family office of Binance founder Changpeng Zhao, is partnering with 10X Capital to prepare for the BNB Treasury IPO in the U.S. This may accelerate the adoption of BNB in the markets.
Collaboration of YZi Labs and 10X Capital
The collaboration between YZi Labs and 10X Capital, led by Hans Thomas, aims to organize an IPO for the BNB Treasury. David Namdar, co-founder of Galaxy Digital, is leading this initiative. This project reflects the desire to expand U.S. investor access to BNB.
BNB Accumulation Strategy
The BNB Treasury intends to accumulate BNB in a manner similar to the BTC accumulation strategies used by MicroStrategy. This could enhance DeFi liquidity on the BNB Chain as institutional interest deepens. Final fundraising amounts have yet to be disclosed.
Market Potential and Regulation
The attempt to go public could face complex regulatory hurdles in the U.S. However, a focus on institutional investors may accelerate BNB adoption. Precise fundraising details remain pending. As Ella Zhang, Head of YZi Labs, stated: 'By supporting this initiative, we aim to combine the strengths of the BNB ecosystem with 10X Capital’s institutional asset management and capital markets expertise.'
Among previously successful initiatives in the crypto industry, such as the growing interest in Bitcoin and Ethereum, this collaboration may represent a significant step toward broader recognition of BNB and ensuring its liquidity in traditional financial markets.
