YZi Labs, an investment firm managing over $10 billion in assets, announced its support for the establishment of BNB Treasury Company, a new U.S.-based initiative focused on digital asset management on the BNB Chain.
Launch of BNB Treasury Company
10X Capital announced the launch of the first BNB Treasury Company in the U.S. with the backing of YZi Labs. This company will be managed by 10X Capital, known for its investments in digital transformation.
Goals and Expectations
The main goal of the BNB Treasury Company is to provide American investors with direct access to BNB, the fourth largest digital asset by market capitalization. The company plans to pursue a public listing on a major U.S. stock exchange.
Partnerships and Future
To fund its initial acquisition of BNB tokens, 10X Capital has partnered with Cohen & Company Capital Markets and Clear Street LLC. Representatives from 10X Capital noted that the BNB Chain is one of the most widely adopted blockchain ecosystems globally.
The establishment of the BNB Treasury Company marks a significant step toward expanding access to digital asset investments for market participants in the U.S., emphasizing transparency and community engagement.
