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

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]