YZi Labs and 10X Capital establish BNB reserve company, aiming for IPO in the US

#YZILabs , a venture capital fund contacting Changpeng Zhao (CZ), along with 10X Capital will establish a company focused exclusively on BNB (the 4th largest token in the world), with the goal of going public (IPO) on a major exchange in the US.

Model and ambition

The new company, temporarily called "BNB Treasury Company", will provide access opportunities $BNB for institutional investors in the US through a traditional financial model, and will only operate exclusively within the BNB Chain ecosystem. Information about the IPO exchange and the scale of fundraising has not been disclosed, but the company is preparing to complete its first funding round.

Ella Zhang, CEO of YZi Labs, emphasizes that BNB is "the gas, the adhesive, and the governance layer for a scalable decentralized future". The core leadership team of the company includes many senior financial experts. YZi Labs, now directly led by CZ, is managing an asset block of over 10 billion USD.

The "treasury company" model (using crypto as core assets) is redefining how businesses store value. If Strategy is typical with Bitcoin, then BNB is also establishing a similar position. Nano Labs, the first US-listed company to choose BNB as its treasury asset, recently purchased 74,315 BNB and has a long-term plan of 1 billion USD to accumulate BNB. Additionally, a group of former Wall Street hedge fund experts is also planning to raise 100 million USD to buy BNB as treasury assets through a company listed on Nasdaq. #anhbacong