New BNB Treasury Firm to Launch With YZi Labs Support

Changpeng Zhao’s family office, YZi Labs, is backing a new treasury firm aimed at providing investors with exposure to BNB, with plans to go public in the US. Announced on Wednesday, YZi Labs will assist 10X Capital in establishing the BNB Treasury Company, which intends to list on a major US exchange. David Namdar, a senior partner at 10X Capital and co-founder of Galaxy Digital, will serve as CEO. 10X Capital will manage the assets of this new BNB-focused firm, which is part of a growing trend of companies acquiring significant amounts of cryptocurrencies like Bitcoin, offering Wall Street a pathway to digital asset investment. BNB, previously known as Binance Coin, is a token from Binance, the largest crypto exchange by volume, providing discounts and utility within the BNB Chain ecosystem. According to 10X Capital's CEO Hans Thomas, institutional and retail investors in the US currently have limited access to BNB's growth, and expanding this access could benefit the public significantly. Read more AI-generated news on: https://app.chaingpt.org/news