YZi Labs Partners 10X Capital to Launch BNB Treasury Company

YZi Labs has partnered with 10X Capital to launch the BNB Treasury Company, an asset management firm dedicated to BNB investments. This initiative aims to provide regulated exposure to BNB for institutional investors and is poised to list on a major U.S. stock exchange. The company will be led by David Namdar, the former co-founder of Galaxy Digital, who brings significant experience and credibility to the role.

The BNB Treasury Company is designed to serve as a centralized financial vehicle for institutions seeking regulated access to BNB. By listing on a major U.S. exchange, the company could facilitate the flow of traditional capital into the BNB ecosystem in a secure and compliant manner. This move is expected to enhance trust, transparency, and visibility for BNB as a digital asset in traditional financial markets.

YZi Labs' support for 10X Capital's vision underscores the firm's bullish outlook on the long-term value of BNB and its potential role in decentralized finance and blockchain-based services. The partnership suggests that YZi Labs is confident in the future growth and adoption of BNB, positioning it as a key player in the crypto market.

This development is part of a broader trend among corporate players to diversify their crypto treasury holdings beyond Bitcoin. Recent moves by other firms to accumulate Ethereum, Solana, and now BNB indicate a growing interest in alternative digital assets. The BNB Treasury Company's focus on acquiring and holding BNB, with the goal of listing on a major U.S. stock exchange, is expected to attract Wall Street capital and provide traditional investors with exposure to BNB.

10X Capital has also partnered with Cohen & Company Capital Markets and Clear Street LLC to raise the necessary capital for its BNB acquisition plan. The BNB Treasury Company aims to bridge the gap between institutional and retail investors' limited exposure to the growth of BNB by providing a well-capitalized, institutionally managed, pure-play treasury company that serves as a gateway between U.S. investors and decentralized innovation on the BNB Chain.

The decision to pursue a U.S. listing comes at a time when crypto regulations in the U.S. are becoming more favorable. The CLARITY Act, which is on the verge of passing, has infused greater confidence among firms to accumulate top digital assets. This regulatory clarity is expected to further boost the growth of the BNB Treasury Company and its potential to attract more investors.

YZi Labs, in its official statement, expressed its support for the initiative, noting that BNB meets Wall Street. The investment firm champions BNB as a treasury asset and believes that the BNB Treasury Company will provide U.S. investors with a gateway for BNB’s growth. The new entity will be led by David Namdar, with 10X Capital taking on the role of asset manager. This strategic partnership is expected to drive the growth of the BNB Treasury Company and its potential to become a significant player in the crypto market.