YZi Labs is backing 10X Capital’s creation of a U.S.-based BNB-focused treasury company with plans to go public.
The BNB Treasury Company will manage BNB as its core asset and operate under U.S. regulatory guidelines.
A leadership team from Galaxy Digital, CalPERS, and Kraken will oversee the company’s development and asset strategy.
In a move targeting digital asset expansion, YZi Labs has announced support for 10X Capital’s latest initiative: the BNB Treasury Company. The U.S.-based company will focus exclusively on acquiring and managing BNB, the native token of the BNB Chain, through a structure aimed at U.S. public market exposure. The announcement marks a step toward creating a regulated gateway for American investors to access the fourth-largest digital asset by market capitalization.
Treasury Company Plans Public Listing and BNB Accumulation
The BNB Treasury Company is being developed as an independent firm with a long-term plan to go public. It will focus solely on the BNB Chain ecosystem and operate as a treasury management company under U.S. regulatory standards. The venture plans to acquire BNB as its core reserve asset.
10X Capital has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise the initial capital required for the BNB acquisition. 10X Capital will act as the company’s asset manager. The project is modeled on the firm’s earlier involvement with Nakamoto (Nasdaq: NAKA), a public digital asset treasury company.
Management Includes Veteran Leaders from Digital Finance
The BNB Treasury Company will be led by a seasoned executive team. It includes David Namdar, a 10X Capital senior partner and co-founder of Galaxy Digital. Russell Read, Chief Investment Officer at 10X Capital and former CIO of CalPERS and Deutsche Asset Management, will also take part.
Saad Naja, formerly with Kraken and now at Exinity, is on the executive board. Each executive brings experience from both institutional investing and digital asset strategy. The team’s combined background reflects the project’s focus on public markets and blockchain finance.
YZi Labs Emphasizes Institutional-Grade Strategy
YZi Labs confirmed its support for the new venture, citing the BNB ecosystem’s scale and growth. The firm stated that while it advocates expanding BNB’s institutional access, it remains selective in forming official partnerships. All formal partnerships will be announced via official channels only.
Ella Zhang, Head of YZi Labs, said the initiative combines institutional finance with blockchain infrastructure. The company described BNB as a digital asset powering decentralized applications through governance, transactions, and network scalability.
10X Capital said the BNB Treasury Company will prioritize transparency in asset holdings. The company also plans direct engagement with the broader BNB Chain community. Officials confirmed that financing details will be announced soon. Hans Thomas, CEO of 10X Capital, said U.S. investors currently have limited access to BNB. The company plans to serve as a bridge between institutional capital and digital asset opportunities on the BNB Chain.
