CEA Industries and 10X Capital have successfully completed a $500 million private placement to establish a major vault company focused on the BNB Chain. The funding, comprising $400 million in cash and $100 million in cryptocurrency, is supported by YZi Labs and involves over 140 institutions, including Pantera, GSR, dao5, and Arrington. The transaction is expected to close by July 31, with a potential maximum funding total of $1.25 billion. David Namdar will assume the role of CEO.