According to Deep Tide TechFlow news on July 10, GLOBE NEWSWIRE reported that YZi Labs announced support for investment company 10X Capital to establish a BNB treasury company in the United States, an independent digital asset treasury management program focused on the BNB chain ecosystem. The company plans to list on major U.S. stock exchanges, aiming to provide U.S. investors with access to BNB.
The BNB treasury company will be led by an experienced management team, including 10X Capital Senior Partner and Galaxy Digital Co-Founder David Namdar, 10X Capital Chief Investment Officer Russell Read, and former Kraken Director Saad Naja. The company will emphasize transparency and verification of assets held and is expected to announce the completion of related financing in the coming weeks.
10X Capital will act as the asset manager for the BNB treasury company and has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise funds for the initial BNB acquisition.
