TechFlow news, July 10 — According to GLOBE NEWSWIRE, YZi Labs announced support for investment firm 10X Capital in establishing "The BNB Treasury Company" in the United States, an independent U.S. digital asset treasury initiative focused on the BNB Chain ecosystem. The company plans to list on a major U.S. securities exchange, aiming to provide U.S. investors with exposure to BNB.
The BNB Treasury will be led by an experienced management team, including David Namdar, Senior Partner at 10X Capital and Co-Founder of Galaxy Digital; Russell Read, Chief Investment Officer at 10X Capital; and Saad Naja, former director at Kraken. The company will emphasize transparency and verification of held assets, with financing completion expected to be announced in the coming weeks.
10X Capital will serve as the asset manager for The BNB Treasury Company and has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise funds for the initial BNB acquisition.
