CZ-Backed BNB Treasury Files for US IPO Amid On-Chain Surge

Published: 2025-07-10 08:02:21 |

BNB Treasury Company backed by Binance founder Changpeng Zhao has filed for a US IPO to offer institutional investors regulated exposure to the BNB token. Developed by YZI Labs and 10X Capital and led by CEO David Namdar, the firm will buy and hold BNB on behalf of investors, meeting public market requirements without the need for crypto wallets or decentralized platforms. Asset management and capital raising will be handled by 10X Capital, Cohen & Company Capital Markets and Clear Street LLC, with a financing round closing soon to fund initial BNB purchases. This announcement coincides with a rebound in BNB’s on-chain activity, as active addresses hit 1.75 million on June 20 and top 1% wallets increased holdings in late June. Other corporate treasuries, including Nano Labs ($1B allocation), Build & Build, Trident Digital and Webus, are also accumulating BNB. A successful US IPO could bridge US capital markets and the BNB Chain, reinforcing BNB token liquidity and broadening institutional adoption.

Bullish

This news is bullish for BNB token. In the short term, the IPO filing may drive increased investor interest and trading volume as institutions and retail traders anticipate greater liquidity and regulatory clarity. The rebound in on-chain activity and whale accumulation signals renewed network engagement, which can bolster market sentiment. Long term, a successful US IPO will establish a regulated on-ramp, attract institutional capital, and enhance transparency, supporting sustained demand for BNB token and reinforcing its position in the crypto ecosystem.