YZi Labs Backs 10X Capital's U.S. BNB Treasury Company

YZi Labs, the family office of Binance co-founders Changpeng Zhao and Yi He, has announced its support for investment firm 10X Capital's initiative to establish a U.S.-based, publicly traded BNB Treasury Company. This new entity is set to operate as an independent digital asset treasury management company, with YZi Labs providing backing to 10X Capital in its establishment. The BNB Treasury Company will concentrate on digital asset treasury management, with plans for a public listing on a major U.S. exchange. This strategic move aims to provide American investors with access to digital asset management services, leveraging the combined expertise and resources of YZi Labs and 10X Capital.

The launch of the BNB Treasury Company signifies a notable development in the digital asset management sector. By creating an independent treasury management company in the U.S., YZi Labs and 10X Capital are poised to capitalize on the increasing demand for digital asset services. This initiative is anticipated to offer American investors new avenues to engage with digital assets, potentially accelerating the adoption and integration of these technologies into mainstream financial markets.

The partnership between YZi Labs and 10X Capital highlights the strategic significance of digital asset management within the current financial ecosystem. As digital assets gain more prominence, the demand for specialized treasury management services has become evident. The BNB Treasury Company aims to meet this demand by providing a comprehensive range of digital asset management solutions, supported by the expertise and resources of its founding partners.

The establishment of the BNB Treasury Company also underscores the growing influence of digital asset technologies in the financial sector. By creating a publicly traded entity focused on digital asset management, YZi Labs and 10X Capital are demonstrating their commitment to innovation and their belief in the long-term potential of digital assets. This initiative is expected to garner significant attention from investors and industry stakeholders, further cementing the role of digital assets in the global financial landscape.