YZi Labs backs launch of BNB treasury company eyeing U.S. IPO

Yzi Labs, formerly Binance Labs, launched its support behind the launch of a new cashier company of digital assets entirely focused on BNB.

The initiative, announcement By Yzi Labs in a press release of July 9, will operate under the name of BNB Treasury Company and plans to continue a public inscription on a large American scholarship.

The objective is to provide regulated access to American investors to BNB (Bnb), the fourth largest cryptocurrency by market capitalization and the wider BNB channel ecosystem. The BNB channel, known to supply millions of users and thousands of decentralized applications, remains one of the most active blockchain ecosystems.

However, American investors have had limited means to obtain regulated exposure to the BNB itself. The company will be developed in partnership with 10x capital, a digital asset investment company that previously helped launch Nakamoto (Nasdaq: NAKA).

The project will be led by a group of experienced executives. David Namdar, co-founder of Galaxy Digital, joins as a senior partner alongside Russell Read, former director of investments for Calpers and Deutsche Asset Management. Saad Naja, previously director of Kraken and now at the Board of Exinity.

10x capital will serve as a asset manager of the BNB Treasury Company, working with Cohen & Company Capital Markets and Clear Street LLC to collect funds for its first BNB purchases. The financing round should close in the coming weeks.

“By supporting this initiative, we aim to combine the forces of the BNB ecosystem with the expertise in institutional management of assets and the capital markets of 10x capital,” said Ella Zhang, chief of Yzi Labs

The new company is one of the many treasure entities turning to BNB as a strategic reserve ratio. Build & Build Corporation would have collected $ 100 million to accumulate BNB, while Nano Labs already engaged $ 50 million and targets a position of up to $ 1 billion.

BNB Treasury Company plans to provide transparent asset reports and to engage closely with the BNB channel community. If successful, it could become a key vehicle To fold the American capital markets and one of the most active networks in crypto.