The founder of the largest cryptocurrency exchange Binance, Changpeng Zhao (CZ), and the team from his company YZi Labs will support the launch of 10X Capital. The organization will buy BNB and hold tokens as a primary asset. The company plans to go public on the American stock exchange through an IPO.
10X Capital will manage the purchases and storage of BNB to provide investors with easy access to profit from the fluctuations in the coin's price. David Namdar, a former partner at Galaxy Digital, will lead the project.
