CZ’s YZi Labs Supports 10X Capital Launching BNB Treasury Company Targeting U.S. IPO

Highlights:

• YZi Labs backs BNB-focused treasury firm targeting U.S. stock exchange listing soon.
• The project aims to offer regulated BNB exposure without using traditional crypto exchanges.
• Veteran leaders from Galaxy Digital, CalPERS, and Kraken to guide the new firm’s vision.

YZi Labs, a venture firm linked to former Binance CEO Changpeng “CZ” Zhao, is supporting the creation of a new digital asset treasury firm dedicated solely to BNB. Announced in a press release on July 9, the firm, called BNB Treasury Company, plans to eventually seek a listing on a leading U.S. stock exchange.

Advertisement

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

In collaboration with investment firm 10X Capital, the new company is set to acquire and manage BNB holdings. The main objective is to give traditional investors a more straightforward and regulation-compliant way to gain exposure to BNB, without the need to directly use cryptocurrency exchanges.

The firm stated:

“The BNB Treasury Company, which intends to pursue a public listing on a major U.S. stock exchange, aims to create a business that will provide investors in the USA with exposure to the growth and benefits of BNB, the world’s 4th largest digital asset token by market cap, and will be focused exclusively on the BNB Chain ecosystem.”

BNB Team and Investment Plans

The project will be guided by a team of seasoned leaders. David Namdar, co-founder of Galaxy Digital, will serve as a senior partner, working alongside Russell Read, who formerly held chief investment officer roles at CalPERS and Deutsche Asset Management. Saad Naja, a former director at Kraken and current board member of Exinity, is also part of the leadership team.

The announcement did not mention which exchange the two firms plan to list on. YZi Labs and 10X Capital also did not reveal how much funding they aim to secure for the new treasury company.

The planned firm is part of a growing trend where firms buy large amounts of cryptocurrencies like BTC. This gives Wall Street a new way to get access to digital assets through trusted financial tools. Build & Build Corporation is said to be raising $100 million to purchase BNB, while Nano Labs has already invested $50 million and aims to expand its holdings to as much as $1 billion.

BNB Token and CZ’s Huge Holdings

BNB, originally named Binance Coin, is a digital token launched by Binance, the top cryptocurrency exchange by trading volume worldwide. It gives users discounts when trading on Binance and is also used in many apps and services built on the BNB Chain, a blockchain created by Binance in 2019.

Even after stepping away from Binance’s leadership following a settlement with U.S. regulators, CZ remains its biggest shareholder. In February, he disclosed that BNB makes up 98.5% of his crypto portfolio. A June 2024 Forbes report estimated his BNB holdings at around 94 million tokens, valued close to $63 billion. That amount represents more than 64% of the total BNB in circulation, while Binance itself holds an additional 31.5%.

Advertisement