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

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]