Yzi Labs, Backed by CZ, Teams Up with 10X Capital to List BNB Treasury

Yzi Labs, Backed by CZ, Teams Up with 10X Capital to List BNB Treasury

10x Capital, located in New York, has announced that it would become a BNB Treasury business in the United States, with help from Web3 investment firm YZi Labs. Better crypto rules in the United States, with the CLARITY Act poised to pass next week, have boosted corporations’ confidence in accumulating top digital assets. At press time, the BNB price is up 1.5% to $672, reaching monthly highs.

BNB Treasury Initiative and Market Momentum

10X Capital, a renowned cryptocurrency investment business, has revealed plans to set up a BNB Treasury corporation on the BNB Chain. Nano Labs, which is listed on the Nasdaq, made a similar move last week when it paid $50 million over-the-counter (OTC) for 74,315 BNB at an average price of $672.45.

Listing Plans and Wall Street Access

The investment company 10x funds also announced ambitions to list this Treasury business on a major US stock market, luring Wall Street funds and providing regular investors with exposure to BNB. YZi Labs, a Web3 investment entity, has expressed support for the project, stating, “BNB meets Wall Street.” YZi Labs is officially assisting 10x Capital’s development of the BNB Treasury Company. U.S. investors now have access to BNB’s expansion. YZi Labs promotes BNB as a treasury asset.

Wall Street’s Growing Crypto Appetite

Corporate players are increasingly competing for crypto treasury. Wall Street corporations are capitalizing on critical opportunities with cryptocurrency, beginning with Bitcoin Treasury and progressing to Ethereum, Solana, and now BNB. 10X Capital has partnered with Cohen & Company Capital Markets and Clear Street LLC to generate the necessary capital to support its BNB buying strategy.

Institutional Exposure and Investor Access

Even though the BNB Chain ecosystem is among the “highest-performing digital asset ecosystems globally,” institutional and retail investors are not very exposed to BNB’s growth, according to Hans Thomas, founder and CEO of 10X Capital.

BNB Price Performance and Market Predictions

Following today’s news, the BNB price is up 1%, trading at $670, with daily trading volume up 14.5% to $1.7 billion. With more than $600 million pledged to the BNB Treasury in the past month, CoinGape predicts that the price of BNB is ready for a 20% higher breakout. With BNB now trading at its all-time high, a breakthrough with substantial trading volume might lead to extended gains.

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