YZi Labs, formerly known as Binance Labs, has announced the launch of BNB Treasury Company, aimed at providing U.S. investors with the opportunity to invest in BNB.
Goals of BNB Treasury Company
The BNB Treasury Company aims to offer U.S. investors regulated access to BNB, the fourth-largest cryptocurrency by market capitalization. The project seeks to provide transparent asset reporting and actively engage with the BNB Chain community, one of the most active blockchain ecosystems.
Team and Partners
The project will be led by experienced executives including David Namdar, co-founder of Galaxy Digital, who will serve as a senior partner, and Russell Read, former CIO of CalPERS and Deutsche Asset Management. 10X Capital, a digital asset investment firm, will partner in the initiative.
Future of BNB as a Reserve Asset
The BNB Treasury Company becomes one of several companies looking at BNB as a strategic reserve asset. For instance, Build & Build Corporation is reportedly raising $100 million to accumulate BNB, and Nano Labs has committed $50 million.
The launch of BNB Treasury Company could be a significant step in connecting U.S. capital markets with one of the most active cryptocurrency ecosystems. Success of this initiative may open new investment horizons for BNB among American investors.
