YZi Labs, which oversees about US$10 billion (RM42.58 billion) in assets, will “support” 10X Capital in establishing the BNB treasury company, 10X Capital said in a statement, without giving further details on the arrangement. YZi Labs said in an email that details on the size of the fundraising “are not available for disclosure at this time,” while 10X Capital didn’t respond to a request for comment.

The new entity will be focused “exclusively” on the BNB Chain ecosystem, the blockchain that supports the BNB token, and 10X Capital will serve as asset manager, the statement said. YZi Labs said the new firm, called BNB Treasury Company, is “intended to pursue a public listing on a major US stock exchange”.

BNB, with a market value of roughly US$98 billion, is the fifth-largest digital asset, according to CoinGecko. The token traded little changed at about US$670 as of 12:28pm in New York.

BNB meets Wall Street.
YZi Labs is officially supporting @10XCapitalUSA to develop the BNB Treasury Company.
U.S. investors now have a gateway for BNB’s growth.
YZi Labs champions BNB as a treasury asset, and chooses our partners with care.
Rely only on our official channels… https://t.co/4zEGKki0ve — YZi Labs (@yzilabs) July 10, 2025.

Treasury accumulation strategies like the one 10X Capital and YZi Labs are pursuing originally focused on bitcoin, but have in past months started to target smaller cryptocurrencies. A team of crypto hedge-fund executives are in advanced talks to raise US$100 million for investing in BNB, Bloomberg News reported last month.  

BNB, which was earlier known as Binance Coin, was created by Binance in 2017 via an initial coin offering. A 2017 white paper for the ICO shows that 80 million tokens were allocated to the company’s founding team, which included former CEO Zhao. The money raised through that ICO was used to launch the Binance exchange.

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