YZi Labs Supports 10X Capital in Establishing a Specialized Digital Asset Management Company for the BNB Chain Ecosystem
On July 10th, YZi Labs officially announced its collaboration and support for 10X Capital – a leading digital asset investment organization and digital asset reserve company – to establish the BNB Reserve Company. This will be an independent company based in the United States, focusing specifically on managing digital assets related to the BNB Chain ecosystem.
According to initial information, the BNB Reserve Company is planning to be listed on major US stock exchanges. The company's goal is to provide US investors with opportunities to access and benefit from the growth of BNB – the fourth-largest cryptocurrency by market capitalization. Simultaneously, the company will focus on promoting sustainable development of the BNB Chain ecosystem.
Previously, 10X Capital had successfully made its mark with the Nakamoto project, a digital asset reserve company currently listed on the Nasdaq. Continuing this success, the new collaboration with the BNB Reserve Company will involve the capital market division of Cohen & Company Securities and Clear Street LLC, aimed at raising capital for the initial BNB acquisition phase.
BNB Reserve Company commits to building a transparent, verifiable asset management mechanism while enhancing interaction with users and participants in the BNB ecosystem. In the coming weeks, the company is expected to announce the results of its first capital raising round related to the BNB ownership plan and long-term development in the digital asset field.
