🟠 The ex-Binance team will launch a fund based on $BNB on the US stock exchange.

🏦 Ella Zhang and the former Binance Labs, now known as YZi Labs, have decided to roll out Binance's altcoin on Wall Street.

🔗 10X Capital will build the strategy and attract investor funds, while a separate public company BNB Treasury Co. will buy up BNB.

⏳ After the first major investments, BNB Treasury Co. will go for an IPO and launch shares that will essentially be proxies for BNB. Owning the security = owning the altcoin #Binance .

This is a brilliant scheme, as getting into the market through an ETF is a hassle with a lot of checks and complications, while this is significantly simpler. 😏

Cleverly thought out?