A newly formed entity, BNB Treasury Company, backed by investment firms YZi Labs and 10X Capital, has announced plans to list on a major U.S. stock exchange.
The primary objective is to provide institutional investors in the United States with regulated exposure to the BNB cryptocurrency. This move directly addresses the current lack of accessible investment vehicles for US institutions seeking to gain exposure to BNB within the traditional financial system.
The company is spearheaded by David Namdar, co-founder of Galaxy, alongside seasoned finance professionals Russell Read and Saad Naja. This experienced team aims to leverage their institutional expertise to bridge the gap between the BNB Chain ecosystem and traditional finance (TradFi).
Hans Thomas, CEO of 10X Capital, emphasized the timing and necessity of the initiative, citing the significant barrier that prevents major institutions in the U.S. from directly accessing BNB. BNB Treasury Company represents a solution through its listing structure.
Focusing exclusively on assets within the BNB Chain ecosystem, the company aims to offer investors targeted exposure to BNB itself and its associated network. This includes engagement with the chain’s extensive decentralized finance (DeFi) applications and developer communities.
Industry observers suggest that if successful, this treasury company model could serve as a blueprint for similar vehicles seeking to connect other prominent digital assets with traditional capital markets, significantly enhancing BNB’s institutional accessibility.