According to Cointelegraph, Binance co-founder Changpeng Zhao's family office, YZi Labs, will support a new reserve management company that will offer investors investment opportunities linked to BNB and plans to list in the United States. YZi Labs said on Wednesday that it will support investment firm 10X Capital in establishing a BNB reserve company called "The BNB Treasury Company" and seek to list on "a major U.S. exchange." The company will be headed by David Namdar, a senior partner at 10X Capital and co-founder of Galaxy Digital, where he served as co-head of the company's trading division. [ChainCatcher]

YZi Labs, formerly Binance Labs, has thrown its support behind the launch of a new digital asset treasury firm focused entirely on BNB. The initiative, announced by YZi Labs in a July 9 press release, will operate under the name BNB Treasury Company and plans to pursue a public listing on a major American stock exchange. The goal is to offer U.S. investors regulated access to BNB (BNB), the fourth-largest cryptocurrency by market capitalization, and the broader BNB Chain ecosystem. BNB Chain, known for powering millions of users and thousands of decentralized apps, remains one of the most active blockchain ecosystems. Yet, U.S. investors have had limited ways to gain regulated exposure to BNB itself. The company will be developed in partnership with 10X Capital, a digital asset investment firm that previously helped launch Nakamoto (Nasdaq: NAKA). The project will be led by a group of experienced executives. David Namdar, co-founder of Galaxy Digital, joins as a senior partner alongside Russell Read, former chief investment officer for CalPERS and Deutsche Asset Management. Also on board is Saad Naja, previously a director at Kraken and now on the board of Exinity. 10X Capital will serve as the BNB Treasury Company’s asset manager, working with Cohen &amp; Company Capital Markets and Clear Street LLC to raise funds for its initial BNB purchases. The financing round is expected to close in the coming weeks. “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,” said Ella Zhang, head of YZi Labs The new company is one of several treasury entities turning to BNB as a strategic reserve asset. Build &amp; Build Corporation is reportedly raising $100 million to accumulate BNB, while Nano Labs has already committed $50 million and is targeting a position worth up to $1 billion. BNB Treasury Company plans to provide transparent asset reporting and engage closely with the BNB Chain community. If successful, it could become a key vehicle for bridging U.S. capital markets and one of crypto’s most active networks.

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YZi Labs backs launch of BNB treasury company eyeing U.S. IPO

YZi Labs, the investment arm of cryptocurrency exchange Binance, has announced that it is backing the creation of a company that plans to go public in the US and will adopt the Binance Coin (BNB) treasury strategy. Accordingly, YZI Labs announced that it will support the BNB Treasury Company, a BNB treasury-focused company to be established by 10X Capital. BNB Treasury Company, which will be established by 10X Capital, aims to go public on a major US stock exchange. The new company will provide investors in the US with exposure to the growth and benefits of BNB, the world's 4th largest digital asset token by market capitalization, and will focus solely on the BNB Chain ecosystem. 10X Capital has partnered with Cohen & Company Securities LLC to raise capital to fund its first purchase of BNB. 10X Capital will serve as asset manager for BNB Treasury Company. Ella Zhang, President of YZi Labs, said: “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. While we advocate for the adoption of BNB as a treasury asset, YZi Labs remains highly selective in official partnerships and will only announce official collaborations through our official channels.” As treasury strategies for BNB continue to proliferate, Nasdaq-listed company Nano Labs recently took the bold step of purchasing $50 million worth of BNB, approximately 74,000 tokens at around $672 each. https://twitter.com/yzilabs/status/1943118544356675936 *This is not investment advice.

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This Altcoin Is Coming to Wall Street After China! Binance's Investment Arm Announces Support for YZi Labs!

On July 10 (UTC+8), Binance co-founder Zhao Changpeng's family office, YZi Labs, will support investment firm 10X Capital in establishing an asset management company focused on BNB, with plans to list on a major US exchange. The company is named "The BNB Treasury Company" and will be led by former Galaxy Digital co-founder David Namdar as CEO. The statement said that the planned "The BNB Treasury Company" is expected to announce the completion of related financing "in the coming weeks." [Source: YZi Labs] [MetaEra]

YZi Labs will support investment firm 10X Capital in establishing a BNB financial company for listing in the United States

YZi Labs, the venture investor closely affiliated with former Binance CEO Changpeng "CZ" Zhao, said it is supporting 10X Capital in launching a BNB treasury company they hope to have trading publicly in the U.S., according to a Wednesday statement.

"The BNB Treasury Company, which intends to pursue a public listing on a major U.S. stock exchange, aims to create a business that will provide investors in the USA with exposure to the growth and benefits of BNB, the world's 4th largest digital asset token by market cap, and will be focused exclusively on the BNB Chain ecosystem," the statement said.

What exchange the two firms aspire to list on was unclear from the announcement. YZi Labs and 10X Capital also didn't specify how much capital they want to raise to fund the new treasury company.

The move follows several other firms turning to the stockpiling of different cryptocurrencies as their prime function. Various so-called treasury companies have been buying up digital assets like Solana and Ethereum after Michael Saylor's tech firm Strategy (formerly MicroStrategy) generated billions of dollars in wealth buying up Bitcoin.

Last week, Nasdaq-listed chip maker Nano Labs (ticker NA) bought 74,315 BNB for roughly $50 million at an average price of $672.45, pushing its corporate crypto reserve to about $160 million.

"BNB Chain is one of the most widely adopted blockchain ecosystems. BNB is the gas, the glue, and the governance layer for a scalable, decentralized future — powered by builders, for builders, and we believe expanding its institutional access can deliver meaningful benefits to the broader public," said Ella Zhang, head of YZi Labs. "While we advocate for the adoption of BNB as a treasury asset, YZi Labs remains highly selective in formal partnerships and will only communicate any official collaborations through our official channels."

The new treasury company will be managed, in part, by David Namdar, a senior partner at 10X Capital and Galaxy Digital co-founder, the statement also said.

YZi Labs, formerly Binance Labs, manages over $10 billion in assets, according to the statement. Earlier this year, Binance's founder and former CEO Zhao began taking an "active role" in at YZi Labs' investment activities. At the time, CZ said YZi Labs had become a "purely a family office investment vehicle."

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CZ's YZi Labs supports 10X Capital in launch of BNB treasury company targeting IPO

YZi Labs will support the investment firm 10X Capital in establishing the BNB Treasury Company. The company plans to list on a major U.S. stock exchange, aiming to provide U.S. investors with the opportunity to participate in the growth and returns of BNB, and will focus on the BNB Chain ecosystem. 10X Capital has recently had successful cases in the field of digital asset reserve companies (Nasdaq-listed Nakamoto). This time, it will cooperate with the capital market department of Cohen &amp; Company Securities and Clear Street LLC to raise funds for the initial BNB acquisition. The company will emphasize the transparency and verifiability of asset holdings, strengthen interaction with the BNB ecosystem and community, and is expected to announce the completion of related financing in the coming weeks. [Foresight News]

YZi Labs will support 10X Capital in establishing a BNB treasury company

On July 10, according to GLOBE NEWSWIRE, YZi Labs announced its support for investment firm 10X Capital in establishing a BNB treasury company in the United States, an independent U.S. digital asset treasury management program focused on the BNB Chain ecosystem. The company plans to list on a major U.S. stock exchange, aiming to provide U.S. investors with exposure to BNB. The BNB treasury company will be led by an experienced management team, including 10X Capital Senior Partner and Galaxy Digital co-founder David Namdar, 10X Capital Chief Investment Officer Russell Read, and former Kraken director Saad Naja. The company will emphasize transparency and verification of held assets and expects to announce the completion of related financing in the coming weeks. 10X Capital will serve as the asset manager for the BNB treasury company and has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise funds for initial BNB acquisitions. [Deep Tide TechFlow]

YZi Labs Announces Support for 10X Capital in Establishing BNB Treasury Company in the United States

Binance co-founder Zhao Changpeng's family office, YZi Labs, will support investment firm 10X Capital in establishing an asset management company focused on BNB, with plans to list on a major U.S. exchange. The company, named "The BNB Treasury Company," will be led by former Galaxy Digital co-founder David Namdar as CEO. The statement indicates that the planned "The BNB Treasury Company" is expected to announce the completion of related financing "in the coming weeks." [Cointelegraph]

YZi Labs has announced its support for 10X Capital, an investment firm, in launching a treasury company focused on purchasing BNB, with plans to list on a major U.S. exchange. The company, named "The BNB Treasury Company," will be led by David Namdar, Senior Partner at 10X Capital and co-founder of Galaxy Digital, as CEO.
The project aims to provide U.S. institutional and retail investors with access to BNB. Hans Thomas, founder and CEO of 10X Capital, stated that BNB Chain is one of the highest-performing and largest digital asset ecosystems globally, but U.S. investors have limited access to it. Ella Zhang, head of YZi Labs, added that expanding institutional access to BNB will have a positive impact on a broader user base.
The treasury company is expected to announce the completion of its financing in the coming weeks. [Odaily Planet Daily]

YZi Labs Announces Support for 10X Capital's Launch of BNB Treasury Company, Plans to Go Public in the US

July 10th. YZi Labs today announced its support for the leading investment institution focusing on digital assets and digital asset reserves, 10X Capital, in establishing the "BNB Reserve Company." This is a U.S.-based company that focuses on BNB Chain ecosystem digital asset management and operates independently.

It is reported that the BNB Reserve Company plans to list on major U.S. stock exchanges, aiming to provide U.S. investors with the opportunity to participate in the growth of BNB, the world's fourth-largest digital asset by market cap, and will focus on the development of the BNB Chain ecosystem. 10X Capital has recently had success in the digital asset reserve field (Nakamoto, a Nasdaq-listed company). This time, they will collaborate with the Capital Markets Division of Cohen & Company and Clear Street LLC to raise funds for the initial BNB acquisition.

The BNB Reserve Company will emphasize the transparency and verifiability of asset holdings, strengthen interaction with the BNB ecosystem and community, and is expected to announce the completion of related financing in the coming weeks. [BlockBeats]

YZi Labs has announced its support for 10X Capital in establishing the "BNB Reserve Company."

On July 10th, YZi Labs announced today that it will support 10X Capital, a leading investment institution focused on digital assets and digital asset reserve companies, in establishing the "BNB Reserve Company." This is a U.S. company focused on digital asset management and independent operation within the BNB Chain ecosystem.

It is reported that the BNB Reserve Company plans to list on a major U.S. stock exchange, aiming to provide U.S. investors with the opportunity to access the growth of BNB, the world's fourth-largest digital asset by market cap, and will focus on the development of the BNB Chain ecosystem. 10X Capital has recent success stories in the field of digital asset reserve companies (Nasdaq-listed Nakamoto). This time, it will cooperate with the capital market department of Cohen & Company and Clear Street LLC to raise funds for the initial BNB acquisition.

The BNB Reserve Company will emphasize the transparency and verifiability of asset holdings, strengthen interaction with the BNB ecosystem and community, and is expected to announce the completion of related financing in the coming weeks. [BlockBeats]

YZi Labs Announces Support for 10X Capital in Establishing "BNB Reserve Company"

Binance Founder's Family Office Backs BNB Financial Firm's Pursuit of IPO

Binance founder Changpeng Zhao’s investment firm is backing the creation of a company that will buy and hold BNB with plans to go public in the US.

Binance founder's family office backs BNB treasury firm eyeing IPO

据Cointelegraph报道，Binance联合创始人Changpeng Zhao的家族办公室YZi Labs将支持一家新的储备管理公司，该公司将为投资者提供与BNB相关的投资机会，并计划在美国上市。YZi Labs周三表示，将支持投资公司10X Capital成立一家名为“The BNB Treasury Company”的BNB储备公司，并寻求在“美国主要交易所”上市。该公司将由10X Capital高级合伙人兼Galaxy Digital联合创始人David Namdar领导，David Namdar曾担任Galaxy Digital交易部门的联合负责人。 [ChainCatcher]

Binance创始人家族办公室支持BNB金融公司追求首次公开募股（IPO）

據Cointelegraph報道，Binance聯合創始人Changpeng Zhao的家族辦公室YZi Labs將支持一家新的儲備管理公司，該公司將爲投資者提供與BNB相關的投資機會，並計劃在美國上市。YZi Labs週三表示，將支持投資公司10X Capital成立一家名爲“The BNB Treasury Company”的BNB儲備公司，並尋求在“美國主要交易所”上市。該公司將由10X Capital高級合夥人兼Galaxy Digital聯合創始人David Namdar領導，David Namdar曾擔任Galaxy Digital交易部門的聯合負責人。 [ChainCatcher]