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

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]