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. https://twitter.com/yzilabs/status/1943118544356675936 *This is not investment advice.