Digital asset funding agency B Technique has launched a video that includes its founder Leon Lu and Binance’s former CEO Changpeng Zhao (CZ), highlighting the significance of BNB within the ecosystem.
B Technique’s Nasdaq Transfer: $1 Billion Goal for BNB Treasury
Within the video shared on the X platform, CZ emphasised that BNB will not be solely a utility token but in addition a local forex used on a number of blockchains.
CZ said that BNB is likely one of the few tokens with widespread use on centralized exchanges (CEX). These embrace buying and selling price reductions, yield era, and the Launchpad, Launchpool, and Alpha platforms. BNB can be accepted as a fee instrument in some international locations.
Relating to the BNB Digital Asset Treasury (DAT), CZ stated he has met with roughly 50 potential DAT groups, however that it is inconceivable to help each initiative. Zhao said that he’ll solely help a choose few corporations with sturdy long-term potential.
In the meantime, on August twenty fifth, B Technique introduced plans to record its BNB treasury on Nasdaq. The corporate goals to boost $1 billion with this transfer. The treasury, whose identify has not but been introduced, will probably be strategically backed by YZi Labs.
Whereas these developments strengthened BNB’s place amongst institutional traders and digital asset treasuries (DAT), in addition they raised the query of whether or not a brand new progress period for BNB is starting within the crypto markets.
*This isn’t funding recommendation.
