The family office of the Binance co -founder, Changpeng Zhao, Yzi Labs, is ready to support a new treasure company that will offer investors exposure to BNB with the objectives of leaving public in the United States.
Yzi Labs said Wednesday that he will support the investment firm 10x Capital to turn a BNB Treasury (BNB) company that will seek a list in “an important American exchange,” according to a statement shared with Cointelegraph.
Called “The BNB Treasury Company”, the company will appoint David Namdar as CEO. He is the main partner of 10x capital and co-founder of Galaxy Digital, where he was previously co-establishment of commerce.
10x Capital will serve as assets manager of the Planned BNB purchase company.
The planned company is the last one in a trend of companies that buy large amounts of cryptocurrencies, such as Bitcoin (BTC), providing Wall Street for a vehicle for exposure to digital assets.
BNB, previously called Binance Coin, is a file created by Crypto Exchange Binance, the largest in the world, which provides headline discounts on the platform and is used in products in the BNB chain block chain.
“The BNB chain is one of the largest and highest world -yield of digital assets worldwide, which drives hundreds of millions of users, however, institutional and retail investors in the US. UU. They have a limited exposure to the growth of BNB,” said the 10x capital founder and CEO Hans Thomas.
“The BNB chain is one of the most adopted blockchain ecosystems,” she said Zhang, head of Yzi Labs. “We believe that expanding its institutional access can offer significant benefits to the general public.”
The planned BNB treasure firm expects to announce the closure of its related financing “in the coming weeks,” according to the statement.
