The Binance Office is scheduled to support the Binance Changpeng Zhao, Yzi Labs, a new treasury company that will provide BNB investors with goals for the public in the United States.
Yzi Labs said on Wednesday that it will support the 10x Capital investment company in BNB (BNB) to the Treasury Department, which will follow up on a “major American exchange”, according to a joint statement with Cointelegraph.
It is called “BNB Treasury Company”, the company will appoint David Namdar as CEO. He is a great partner in 10x Capital and co -founder of the Galaxy Digital, who was previously head of trade.
10x Capital will serve as the asset manager for its planned BNB purchase company.
The planned company is the latest in the direction of companies that buy large quantities of encrypted currencies, such as Bitcoin (BTC), providing Wall Street a way to exposure to digital assets.
BNB, which was previously called Binance Coin, is a symbol created by Crypto ExchangE Binance, which is the largest size in the world, which provides discounts on pregnant women on the platform and used in products on the BNB series Blockchain series.
“The BNB series is one of the largest and highest digital assets in the world, as it operates hundreds of millions of users, however, institutional and retail investors in the United States have limited exposure to BNB growth,” said Hans Thomas 10X.
“The BNB series is one of the most widely adopted ecosystems,” said Ella Chang, President of Yzi Labs. “We believe that the expansion of its institutional access can achieve meaningful benefits for the broader audience.”
BNB Treasury expects BNB to announce its relevant financing “in the coming weeks”, according to the statement.
The post Binance Founder Backs BNB Treasury Company Aiming For US IPO first appeared on Investorempires.com.
