B Strategy plans to launch a BNB treasury company listed in the United States valued at $1 billion backed by
YZi Labs announced that B Strategy has plans to launch a BNB treasury company listed in the United States backed by YZi Labs, formerly known as Binance Labs. The digital asset investment firm aims to raise $1 billion for the initiative.
The company will operate as a U.S.-listed platform designed to hold the BNB cryptocurrency as a treasury asset and invest in the BNB ecosystem. B Strategy stated that the company will focus on technology development, grant projects, and community initiatives within the BNB network.
B Strategy is led by Leon Lu, the founder and co-founder of Metalfa Technology Holding Limited (MATH), and Max Hua, the former CFO of Bitmain. The team includes Ni Ming, who co-founded Metalfa and previously held positions at 36Kr (KRKR), and Henry Wu, the co-founder of Ledger Capital.
Ella Chang, head of YZi Labs, stated according to the company's announcement: "BNB is emerging as the cornerstone for the next generation of capital markets and financial systems."
The initiative has attracted support from Asia-based family offices as key investors. B Strategy plans to leverage its presence in Hong Kong and ASEAN countries, the Middle East, and other markets to access liquidity and distribution networks.
YZi Labs manages assets worth over $10 billion globally and has a portfolio covering more than 300 projects in 25 countries. The company focuses on investments in web3, artificial intelligence, and biotechnology sectors.
B Strategy expects to announce the closure of related funding in the coming weeks, according to a press release.$BNB