BNB Treasury Company Plans U.S. Listing to Boost Institutional Access

Generated by AI AgentCoin World
Thursday, Jul 10, 2025 8:18 am ET1min read
BNB
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The

BNB
Treasury Company is set to bridge the gap between institutional investors in the U.S. and the BNB Chain ecosystem by planning a listing on a major U.S. stock exchange. This initiative, backed by 10X Capital and led by top Wall Street veterans, aims to provide direct exposure to BNB, the fourth-largest digital asset by market cap, for both institutional and retail investors.

YZi Labs and 10X Capital are collaborating to bring blockchain innovation and capital market expertise together, with the goal of expanding access to BNB in the U.S. market. The BNB Treasury Company will focus exclusively on BNB Chain assets, with former

Galaxy Digital
co-founder David Namdar serving as the CEO. The core objective is to connect U.S. capital markets with the decentralized growth of the BNB Chain.

The leadership team of the BNB Treasury Company includes industry veterans such as Russell Read, former CIO of CalPERS and the Alaska Permanent Fund, who joins as CIO, and Saad Naja, ex-director at Kraken and current executive at Exinity. 10X Capital, known for backing Nakamoto, is structuring this as a pure-play BNB asset management vehicle. This move is expected to significantly reshape how U.S. investors access blockchain ecosystems.

10X Capital will serve as the asset manager, working with Cohen & Company and Clear Street LLC to fund BNB acquisitions. These partnerships aim to anchor the company’s financial base before its public listing. YZi Labs, which supports select ventures, praised BNB Chain as a scalable platform and noted that 10X brings strong capital markets experience to the table.

Hans Thomas, CEO of 10X Capital, highlighted the lack of institutional exposure to BNB in the U.S. but believes that now is the right time for such an initiative. He explained that U.S.-listed treasury companies could serve as a powerful entry point for investors. The company plans to maintain full transparency in its BNB holdings and aims for deep community engagement. The closing of its initial financing round is expected within weeks.