YZi Labs 10X Capital Launch BNB Treasury Company for US Investors

YZi Labs, a family office backed by Binance co-founder Changpeng Zhao, and 10X Capital have collaborated to launch the BNB Treasury Company in the United States. This new entity aims to create an independent digital asset treasury management company, with YZi Labs providing support to 10X Capital in establishing the firm. YZi Labs, which manages a substantial portfolio of assets, will assist in forming the BNB treasury company, which plans to go public on a major U.S. stock exchange. The BNB Treasury Company will focus exclusively on acquiring BNB, providing American investors with exposure to this digital asset.

The collaboration between YZi Labs and 10X Capital is notable as it brings together a prominent figure in the cryptocurrency industry and a leading investment firm. This partnership is expected to attract traditional investors to the digital asset space, particularly those on Wall Street. The BNB Treasury Company will serve as a gateway for U.S. investors to gain exposure to the growth of BNB and the broader BNB Chain ecosystem. Hans Thomas, Founder & CEO of 10X Capital, highlighted the potential of the BNB Chain ecosystem, stating that it is one of the highest-performing digital asset ecosystems globally. However, he noted that institutional and retail investors have limited exposure to the growth of BNB.

To fund its BNB acquisition plan, 10X Capital has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise the necessary capital. This move is part of a broader trend among corporate players to accumulate top digital assets, following similar initiatives with Bitcoin, Ethereum, and Solana. The launch of the BNB Treasury Company is expected to infuse greater confidence among firms to accumulate digital assets, given the improving crypto regulations in the U.S. and the potential passage of the CLARITY Act. The BNB Treasury Company's public listing on a major U.S. stock exchange will provide traditional investors with a regulated and transparent way to invest in BNB, further bridging the gap between traditional finance and the digital asset space.

This initiative aims to bring institutional and retail investors in the United States direct exposure to the growth of BNB, the fourth-largest crypto by market cap. This new entity plans to list publicly on a major U.S. stock exchange, marking a potential first for BNB-focused investments in the American market. It also represents the latest effort to build bridges between Web3 innovation and Wall Street.