YZi Labs, the family-office investment arm linked to Binance founder Changpeng “CZ” Zhao, said it is backing 10X Capital in the creation of the BNB Treasury Company, an asset-management vehicle that will hold Binance Coin (BNB) and seek a listing on a major U.S. stock exchange. 10X Capital will manage the firm and has partnered with Cohen & Company Capital Markets and Clear Street to raise funds for an initial purchase of BNB, the world’s fourth-largest cryptocurrency by market value. The venture will be led by David Namdar, a former co-founder of Galaxy Digital, alongside 10X Capital chief investment officer Russell Read and ex-Kraken executive Saad Naja. YZi Labs said the initiative is meant to give U.S. institutional and retail investors regulated exposure to the BNB ecosystem, echoing a growing trend of publicly traded ‘treasury’ companies accumulating single crypto assets. CZ recently noted that more than 30 groups are exploring similar BNB-focused vehicles.