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December 17, 2025 32 mins

For those who might be newer to the space, Digital Asset Treasuries, or 'DATs' for short, can be a good way to start investing in crypto. Not all of these treasuries do a great job of creating value for users, but today's company uses an innovative model that includes several different strategies for yield generation.


Patrick Horseman is the Chief Investment Officer at BNB Plus, a digital asset treasury company that trades under the symbol BNBX. The company unlocks institutional-grade access to the Binance ecosystem through non-directional yield strategies and long BNB exposure.

 

Patrick has been the founder or co-founder of several hedge funds and businesses operating in the world of decentralized finance, including Coral Capital, Esoteric Strategies, and Innovation Shares. He's also the founder of Verified Organics, an Ethereum based blockchain application designed to bring transparency and accountability to the organic food production process from farm to table.


Today, we get into BNB Plus' different yield generation strategies, what makes the Binance ecosystem unique, and the general state of the DAT market now that some of the initial euphoria seems to have waned.

Highlights:

  • Patrick's path into DeFi (2:15)
  • The BNB Plus Mission (5:48)
  • DeFi Explained (8:34)
  • What makes Binance unique? (10:24)
  • Patrick's BNB Optimism (14:35)
  • BNB Plus' Yield Generation Strategies (16:14)
  • The BNB Plus Team (22:11)
  • Binance's potential impact in the US (24:48)
  • The state of the DAT market (25:34)
  • BNB Plus' approach to risk (29:15)


Links:

Patrick Horsman LinkedIn

BNB Plus LinkedIn

BNB Plus Website

ICR LinkedIn

ICR Twitter

ICR Website

Feedback:

If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, joe@lowerstreet.co.


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