Binance: CZ's Family Office Supports a New BNB Treasury Company

BNB Treasury Company. The digital asset investment firm B Strategy has announced its intention to launch a billion-dollar crypto fund focused on BNB, the native token of Binance. Supported by YZi Labs, the family office of Binance co-founder Changpeng Zhao, this initiative aims to create a 'BNB Treasury Company', i.e., a company that will hold and manage significant reserves of BNB. This announcement marks a new step in YZi Labs' investment strategy, which has already supported similar initiatives, such as that of 10X Capital.

Key points of this article:

B Strategy has announced the launch of a billion-dollar crypto fund focused on BNB, supported by YZi Labs.

BNB is increasingly being viewed as a potential reserve asset for companies, enhancing its popularity among institutional investors