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