YZi Labs will support BNB Finance Company 10X Capital and prepare for an IPO

ChainCatcher news, according to Cointelegraph, Binance co-founder Zhao Changpeng's family office YZi Labs will support a new reserve management company that will offer investors investment opportunities linked to BNB and plans to go public in the United States.

YZi Labs announced on Wednesday that it will support investment firm 10X Capital in establishing a BNB reserve company named "The BNB Treasury Company," and is seeking to list on "a major U.S. exchange." The company will be led by David Namdar as CEO. He is a senior partner at 10X Capital and a co-founder of Galaxy Digital, where he previously served as co-head of the trading division.