Winston & Strawn represented 10 X Capital in its participation in a $500 million private placement to establish VAPE, a publicly listed BNB treasury. The transaction, announced in collaboration with CEO Industries and with the support of YZi Labs, is expected to officially close on or around July 31, 2025.
The Winston & Strawn team was led by partner Michael Blankenship with support from partner Ben Smolij and associates Riley Doggett and Jordan Saddoris.







