BNB Treasury Company Launches with Focus on U.S. Market

YZi Labs has collaborated with 10X Capital to establish The BNB Treasury Company, an asset management firm emphasizing BNB. Expected to launch soon, the company is spearheading efforts to list BNB on major U.S. exchanges.

The initiative signifies expanding U.S. market access, potentially increasing institutional and retail involvement in BNB as digital assets gain traction. Financial impacts remain undisclosed. David Namdar, CEO of The BNB Treasury Company, stated, “The BNB Treasury Company will emphasize transparency and verification of holdings, strong engagement with the BNB ecosystem and community.”

BNB Treasury Company Targets Major U.S. Exchange Listings

YZi Labs has collaborated with 10X Capital to establish The BNB Treasury Company, an asset management firm emphasizing BNB. Expected to launch soon, the company is spearheading efforts to list BNB on major U.S. exchanges.

The initiative signifies expanding U.S. market access, potentially increasing institutional and retail involvement in BNB as digital assets gain traction. Financial impacts remain undisclosed.

Market reactions have been muted, with no immediate statements from regulatory bodies. However, the focus on BNB could enhance transparency and facilitate broader community engagement.

BNB Market Cap Reaches $94.22 Billion Amidst U.S. Expansion

Did you know? The BNB Treasury Company is expected to play a pivotal role in increasing institutional access to BNB.

As of July 10, BNB’s market cap stands at 94.22 billion USD, representing 2.72% of the total crypto market. Its price recently reached 668.74 USD, marking a 15.87% increase over 90 days, with 1.67 billion USD in 24-hour trading volume (source).

The Coincu research team underscores that U.S. regulatory approvals for asset listings could further strengthen BNB’s position, potentially influencing broader adoption and providing benchmarks for future market entrants, bolstered by institutional backing.