BNB Treasury Company, backed by Binance, is set to launch and aims to list on a major U.S. stock exchange to offer exposure to the BNB ecosystem.
Investment firm 10X Capital has partnered with Cohen & Company Securities for capital raising to fund the initial acquisition of BNB for the new entity.
The company intends to fuse Binance's on-chain ecosystem with institutional financial infrastructure and is selective about formal partnerships.
Interest in using BNB as a treasury asset is increasing, as seen from a recent $50 million BNB purchase by Nasdaq-listed Nano Labs, indicating growing confidence in Binance's native token.