BNB News: CZ Highlights BNB Utility as B Strategy Pushes $1B Nasdaq Treasury Listing

Key TakeawaysCZ emphasized BNB’s broad utility across blockchains, CEXs, and real-world payments.The Binance co-founder said he has spoken with ~50 potential BNB Digital Asset Treasury (DAT) teams, but only a few strong players will receive his backing.B Strategy is planning to list its BNB Treasury on Nasdaq, targeting $1 billion in capital.CZ on BNB’s Unique UtilityIn a new video shared on X by BNB treasury firm B Strategy, Binance co-founder Changpeng Zhao (CZ) reiterated BNB’s positioning as both a utility token and a native currency across multiple blockchains.CZ highlighted that BNB is among the few tokens with extensive centralized exchange (CEX) use cases, including:Trading discountsYield generationLaunchpad and Launchpool participationAlpha program accessHe also noted that BNB is accepted as a payment method in some countries, expanding its role beyond exchanges.BNB Digital Asset Treasury (DAT) PlansDiscussing the BNB Digital Asset Treasury (DAT) concept, CZ revealed he has reached out to around 50 potential teams, though he cautioned that not all will receive support.“I cannot support all BNB DAT companies — I will only support a few strong ones,” CZ said.This suggests a selective approach to partnerships in building out institutional BNB treasury structures.B Strategy’s Nasdaq AmbitionSeparately, B Strategy announced on Aug. 25 that it plans to list its BNB Treasury on Nasdaq, with a fundraising target of $1 billion.The initiative will be strategically backed by YZi Labs, according to the firm. If successful, the listing would make B Strategy’s product one of the largest BNB-focused treasury vehicles to go public.Market ContextBNB has recently outperformed other altcoins, hitting new all-time highs above $940 amid surging demand across exchange products, DeFi, and treasury accumulation. Institutional initiatives such as B Strategy’s Nasdaq listing could further entrench BNB as one of the most actively utilized tokens in the crypto market.