Binance founder’s family office backs BNB treasury firm eyeing IPO

Binance founder Changpeng Zhao’s investment firm is backing the creation of a company that will buy and hold BNB with plans to go public in the US.

Update (July 10, 2:35 am UTC): This article has been updated to add information on the BNB token and examples of companies buying crypto.

Binance co-founder Changpeng Zhao’s family office is set to back a new treasury firm that will offer investors exposure to BNB with the aim of going public in the US.

YZi Labs said on Wednesday it will support the investment firm 10X Capital in spinning up a BNB (BNB) treasury company that will pursue a listing on “a major US exchange,” according to a statement shared with Cointelegraph.

Read more