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YZi Labs, the investment arm of cryptocurrency exchange Binance, has announced that it is backing the creation of a company that plans to go public in the US and will adopt the Binance Coin ($BNB) treasury strategy.
Accordingly, YZI Labs announced that it will support the $BNB Treasury Company, a $BNB treasury-focused company to be established by 10X Capital.
$BNB Treasury Company, which will be established by 10X Capital, aims to go public on a major US stock exchange.
The new company will provide investors in the US with exposure to the growth and benefits of $BNB, the world's 4th largest digital asset token by market capitalization, and will focus solely on the $BNB Chain ecosystem.
10X Capital has partnered with Cohen & Company Securities LLC to raise capital to fund its first purchase of $BNB. 10X Capital will serve as asset manager for $BNB Treasury Company.
Ella Zhang, President of YZi Labs, said: “By supporting this initiative, we aim to combine the strengths of the $BNB ecosystem with 10X Capital’s institutional asset management and capital markets expertise. While we advocate for the adoption of $BNB as a treasury asset, YZi Labs remains highly selective in official partnerships and will only announce official collaborations through our official channels.”
As treasury strategies for $BNB continue to proliferate, Nasdaq-listed company Nano Labs recently took the bold step of purchasing $50 million worth of $BNB, approximately 74,000 tokens at around $672 each.
$BNB meets Wall Street.
YZi Labs is officially supporting @10XCapitalUSA to develop the $BNB Treasury Company.
U.S. investors now have a gateway for $BNB’s growth.
YZi Labs champions $BNB as a treasury asset, and chooses our partners with care.
Rely only on our official channels… https://t.co/4zEGKki0ve
— YZi Labs (@yzilabs) July 10, 2025
*This is not investment advice.