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

YZi Labs has announced its strategic support for 10X Capital’s initiative to establish a U.S.-based BNB Treasury Company. This new venture aims to manage BNB, the native token of the BNB Chain, as its core asset while adhering to U.S. regulatory guidelines. The company is set to go public, providing American investors with a regulated pathway to access the fourth-largest digital asset by market capitalization.

The BNB Treasury Company will operate as an independent firm, focusing exclusively on the BNB Chain ecosystem. Its primary goal is to accumulate BNB as its core reserve asset, positioning itself as a treasury management company under U.S. regulatory standards. The venture is modeled after 10X Capital’s previous involvement with Nakamoto, a public digital asset treasury company listed on the Nasdaq.

To raise the initial capital required for BNB acquisition, 10X Capital has partnered with Cohen & Company Capital Markets and Clear Street LLC. 10X Capital will serve as the asset manager for the BNB Treasury Company, ensuring the venture’s financial strategy aligns with its long-term goals.

The leadership team of the BNB Treasury Company includes prominent figures from the digital finance sector. David Namdar, a senior partner at 10X Capital and co-founder of Galaxy Digital, will be part of the executive team. Russell Read, the Chief Investment Officer at 10X Capital and former CIO of CalPERS and Deutsche Asset Management, will also contribute his expertise. Additionally, Saad Naja, formerly with Kraken and now at Exinity, will join the executive board. The team’s collective experience in institutional investing and digital asset strategy underscores the project’s focus on public markets and blockchain finance.

YZi Labs emphasized its support for the BNB Treasury Company, highlighting the BNB ecosystem’s scale and growth potential. The firm noted its selective approach to forming official partnerships, ensuring that all announcements are made through official channels. Ella Zhang, Head of YZi Labs, described the initiative as a fusion of institutional finance and blockchain infrastructure, positioning BNB as a digital asset that powers decentralized applications through governance, transactions, and network scalability.

10X Capital stated that the BNB Treasury Company will prioritize transparency in its asset holdings and engage directly with the broader BNB Chain community. The company plans to announce financing details soon. Hans Thomas, CEO of 10X Capital, noted that U.S. investors currently have limited access to BNB. The BNB Treasury Company aims to bridge this gap, serving as a conduit between institutional capital and digital asset opportunities on the BNB Chain.