YZi Labs, the family office of Binance co-founder Zhao Changpeng, collaborates with 10X Capital to establish an asset management company specializing in BNB, expected to be listed on major exchanges in the United States.
Led by David Namdar – former co-founder of Galaxy Digital, The BNB Treasury Company is preparing to complete an important fundraising round in the coming weeks, creating a strategic advance for BNB digital assets.
MAIN CONTENT
YZi Labs and 10X Capital established an asset management company focused on BNB.
The new company is named The BNB Treasury Company with CEO David Namdar, a former Galaxy Digital executive.
Financial completion is expected to be announced in a few weeks and to be listed on major exchanges in the United States.
Why did YZi Labs and 10X Capital collaborate to establish a BNB asset management company?
According to analysis from TinTucBitcoin on 10/7, this move aims to leverage the strengths of YZi Labs in founding Binance and the in-depth investment experience from 10X Capital to develop a specialized BNB asset line, expanding capital access capabilities and enhancing reputation in the US financial market.
This move demonstrates specialization in managing cryptocurrency assets while paving the way for listings on major domestic exchanges in the United States to attract large-scale institutional and individual investors.
Who is the leader of The BNB Treasury Company and what is his role?
David Namdar, co-founder of Galaxy Digital – a large cryptocurrency investment unit, was chosen as CEO of The BNB Treasury Company. With experience in managing digital assets at Galaxy Digital, Namdar is assessed as capable of leading the company towards sustainable growth and having a deep understanding of the global cryptocurrency market.
"Focusing on developing BNB assets with a specialized management model is a major step to meet the diverse needs of investors in the United States."
David Namdar, CEO of The BNB Treasury Company, 07/2024
What is the timeline for completing the fundraising and the company's listing goals?
The BNB Treasury Company is expected to announce the completion of an important fundraising round in the coming weeks, creating a solid financial foundation for proceeding with listings on major exchanges in the United States. This is an essential preparation step to ensure transparency, legality, and expand operational scale.
The listing will help the company optimize its capital and enhance its credibility in a professional investment environment, opening up many opportunities for collaboration and expanding the BNB community.
How does The BNB Treasury Company differ from other cryptocurrency asset management companies?
The BNB Treasury Company specializes in BNB assets, benefiting from a direct link with the Binance ecosystem and the leadership of an experienced CEO. Unlike diversified funds managing various cryptocurrencies, this company optimizes asset management based on expertise and specific market positioning strategies.
Criteria The BNB Treasury Company Cryptocurrency Asset Management Company Specialized Focus on BNB Diversified Multiple Cryptocurrencies Leadership David Namdar – former Galaxy Digital Diverse CEOs from various fields Goals Listed on major US exchanges May or may not be listed Ecosystem Connection Directly linked with Binance Diverse depending on the fund
What is the significance of this event for the global cryptocurrency market?
The establishment of The BNB Treasury Company marks a strong growth step in the organization and professionalization of cryptocurrency asset management, while promoting transparency and expanding access to international capital. This plays a role in driving the sustainable development of BNB and the cryptocurrency ecosystem in general.
Specializing the asset management company towards a large digital asset like BNB will create a turning point in the DeFi industry.
Nguyễn Thanh Bình, Cryptocurrency Financial Expert, 07/2024
Frequently Asked Questions
How does The BNB Treasury Company operate? An asset management unit specializing in BNB, aiming for listings on major US exchanges.
Who is the CEO of the company? David Namdar, former co-founder of Galaxy Digital, with extensive experience in managing cryptocurrency assets.
What significance does the completion of fundraising have? Ensuring finances to expand operations and increase legal transparency when listed.
How is this company different from other funds? Specializing in BNB assets and closely connected with Binance.
How does it impact the cryptocurrency market? Enhancing the organization and professionalization of asset management in the cryptocurrency field.
Source: https://tintucbitcoin.com/bnb-yzi-labs-ho-tro-10x-capital/
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