YZi Labs, the investment arm of cryptocurrency exchange Binance, announced its support for the establishment of BNB Treasury Company, which plans to go public in the US.
Support from YZi Labs
YZi Labs announced the creation of BNB Treasury Company, which will focus on BNB asset management strategies. This initiative is a result of collaboration with 10X Capital.
Goals and Strategy of BNB Treasury Company
The BNB Treasury Company, established by 10X Capital, aims to go public on a major US stock exchange, providing investors with access to BNB, the fourth-largest digital asset by market capitalization, focusing solely on the BNB Chain ecosystem.
Expert Opinions
Ella Zhang, President 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."
The YZi Labs initiative to create BNB Treasury Company may open new opportunities for US investors, providing access to the growing BNB market and its ecosystem.
