YZi Labs and 10X Capital Launch BNB Treasury Firm

The newly formed BNB Treasury Company is backed by YZi Labs, led by Binance founder Changpeng Zhao, in partnership with 10X Capital. The aim is expanding U.S. institutional access to BNB.

Key figures include David Namdar as CEO, previously with Galaxy Digital, and Hans Thomas of 10X Capital orchestrating the collaboration. The fundraising round is underway with Cohen & Company and Clear Street LLC.

The firm’s goal is to offer regulated, publicly listed BNB investments through a US stock exchange, providing new opportunities for institutional investors. The move may influence BNB market dynamics significantly.

The potential for financial growth is evident, though regulatory hurdles remain. Ella Zhang, Head of YZi Labs, stated, “BNB Chain is one of the most widely adopted blockchain ecosystems. We believe expanding its institutional access can deliver meaningful benefits to the broader public.”

Historical precedents, like other treasury models, suggest a possible market rally and enhanced liquidity for BNB with broader access.

This model resembles firms like MicroStrategy and their Bitcoin strategies, often resulting in market volatility. Such trends highlight potential ripple effects of increased BNB access.

Experts from Kanalcoin note the BNB Treasury’s strategy aligns with broader industry movements toward institutional cryptocurrency adoption, with potentially transformative outcomes involving asset valuation and accessibility.