YZi Labs Backs Bold BNB Treasury Move: Aims for Major US Stock Exchange Listing

New BNB Treasury Company Set to Shake Up Crypto Investment Landscape

Get ready, crypto fans! YZi Labs, the powerhouse formerly known as Binance Labs, is diving headfirst into the world of BNB with the launch of the BNB Treasury Company. This isn't just another project; it's a game-changer!

Mark your calendars for July 9, because that's when YZi Labs dropped the bombshell about their new venture. The BNB Treasury Company isn't messing around - they're gunning for a spot on a major American stock exchange. Can you feel the excitement?

Here's the deal: the BNB Treasury Company wants to open the floodgates for U.S. investors to dive into BNB, the fourth-largest crypto by market cap. We're talking about the heart of the BNB Chain ecosystem, a place buzzing with millions of users and thousands of decentralized apps. It's time to bring the action to the U.S.!

Until now, getting a piece of BNB in the U.S. has been like trying to find a needle in a haystack. But not anymore! YZi Labs is teaming up with 10X Capital, the same crew that helped launch Nakamoto on Nasdaq. These guys know how to make things happen.

Leading the charge are some heavy hitters: David Namdar, co-founder of Galaxy Digital, Russell Read, former bigwig at CalPERS and Deutsche Asset Management, and Saad Naja, who used to run things at Kraken. With this dream team at the helm, the BNB Treasury Company is ready to take on the world!

10X Capital isn't just sitting on the sidelines either. They're stepping up as the asset manager, working with Cohen & Company Capital Markets and Clear Street LLC to raise the cash needed for those initial BNB buys. The money's coming in fast, and the financing round is set to close in the next few weeks. Buckle up!

Ella Zhang, the head honcho at YZi Labs, is all in on this venture. "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," she said. It's a perfect match!

But wait, there's more! The BNB Treasury Company isn't the only one betting big on BNB. Build & Build Corporation is reportedly raising a cool $100 million to stack up on BNB, while Nano Labs has already thrown down $50 million and is aiming for a whopping $1 billion position. BNB is the hot ticket right now!

The BNB Treasury Company isn't just about making money, though. They're all about transparency and working hand-in-hand with the BNB Chain community. If they pull this off, they could be the bridge that brings U.S. capital markets and one of crypto's most dynamic networks together. Get ready for a wild ride!