BNB Utility Token Backed by CZ as B Strategy Aims $1B Nasdaq Listing for BNB Treasury Company

COINOTAG News on September 17 reported that digital asset investor B Strategy published a video of founder Leon Lu in conversation with Binance CEO CZ on X. In the discussion, CZ characterised BNB as a multi-chain native coin and affirmed its role as a BNB utility token across several networks.

CZ outlined pragmatic exchange-level applications for BNB, citing common centralized exchange (CEX) functionalities such as trading fee discounts, yield farming participation, Launchpad and Launchpool access, and the Alpha program, and noted that the token is accepted for payments in select jurisdictions.

On governance and corporate structuring, CZ said Binance had engaged roughly 50 prospective teams for the BNB Digital Asset Treasury (DAT) but plans to back only a limited number of robust operators. Separately, on August 25 B Strategy disclosed intentions for a Nasdaq listing of the BNB Treasury Company, targeting a $1 billion capital raise with strategic support from YZi Labs.