Binance's co-founder, Changpeng Zhao, through his company YZi Labs, supports the BNB Treasury firm aiming for a listing on U.S. stock exchanges.
The BNB Treasury Company, an independent US initiative, is set to revolutionize the digital asset investment landscape by focusing on digital asset treasury management within the BNB Chain ecosystem. This venture represents a convergence of traditional finance and decentralized innovation, bridging US capital markets and the BNB Chain ecosystem.
The company aims to provide US investors with exposure to BNB, the world's fourth-largest digital asset token by market capitalization. The leadership team includes industry veterans David Namdar, Russell Read, and Saad Naja. The BNB Treasury Company expects to announce the closing of its related financing in the coming weeks, with the IPO process to follow.
10X Capital, an institution that supported the establishment of the BNB Treasury Company, has partnered with Cohen & Company Capital Markets and Clear Street LLC to raise capital for the initial BNB acquisition. YZi Labs, an investment vehicle managing over $10 billion in assets globally, has announced its support for the establishment of the BNB Treasury Company by 10X Capital.
The success of the BNB Treasury Company could accelerate the creation of treasury companies for other major cryptocurrencies, reflecting a broader trend of cryptocurrency projects seeking regulated pathways to US capital markets. Unlike broad-based crypto ETFs, single-asset treasury companies like the BNB initiative offer concentrated exposure to specific blockchain networks, allowing investors to effectively place targeted bets on the success of particular ecosystems.
The timing of the BNB Treasury Company's development appears strategic, as regulatory clarity improves under the current administration and institutional adoption accelerates. The model carries concentrated risk, as BNB's success is intrinsically tied to Binance's ecosystem and regulatory standing, which could create volatility for public shareholders. However, the combination of YZi Labs' backing, 10X Capital's expertise, and the experienced management team positions the BNB Treasury Company as a significant player in the digital asset investment space.
The BNB Treasury Company intends to pursue a public listing on a major US stock exchange, marking a significant step towards mainstream adoption of digital assets. If successful, the BNB Treasury Company would create the first pure-play BNB treasury company accessible to US public market investors.
In other news, Ripple's SVP of Strategic Initiatives, Eric van Miltenberg, was interviewed this week discussing the APEX 2025 conference, Ripple's evolution from a payment-focused company to a broader financial solutions provider, and the future of the crypto industry on Blockcast, a podcast hosted by Takatoshi Shibayama.
Lastly, Blockcast is a media partner of Coinfest Asia 2025, and tickets can be purchased with a 20% discount using the code M20BLOCKHEAD.
Read also:
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Comcast Introduces Sports-Oriented Video Bundle in Preparation for the World Cup Tournament
- Is Maruti's reign over the SUV market being challenged by Mahindra's aggressive move to snatch the top spot?
- Social Security Administration Abandons Plan for Electronic Payments: Important Information for Recipients of Benefits
