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China Renaissance Holdings Limited has partnered with YZi Labs to deepen its footprint in the crypto asset space, particularly within the $BNB Chain ecosystem.
In a voluntary disclosure today, the company revealed the signing of a non-binding Strategic Cooperation Memorandum.
$100 Million in $BNB Allocation
As part of the agreement, China Renaissance will allocate approximately $100 million to $BNB. This makes it the first Hong Kong-listed company to include $BNB in its crypto asset portfolio.
In collaboration with China Asset Management (Hong Kong) and other ecosystem players, China Renaissance plans to develop fund-based investment products and further the adoption of $BNB through compliant financial channels.
RWA Fund to Integrate $BNB in Real-World Use Cases
Under the guidance and cooperation of YZi Labs, China Renaissance intends to launch a multi-hundred-million-dollar Real-World Asset (RWA) fund. The fund aims to accelerate the integration of $BNB public chain technology in stablecoin and RWA applications, particularly among Hong Kong-listed companies.
YZi Labs will serve as a strategic advisor in the cooperation, supporting China Renaissance with:
- Ecosystem project referrals and third-party connections (custodians, validators, infrastructure providers)
- Branding and promotional support via official channels
- Collaborative Web3 and capital markets initiatives
Together, the parties plan to identify and execute new growth opportunities that benefit China Renaissance’s financial services capabilities and the $BNB Chain ecosystem.
$BNB Breaks New ATH Amid Institutional Frenzy
Notably, $BNB is the native token of $BNB Chain, one of the most actively used blockchains globally. It helps in powering transactions, securing the network through governance, and supporting applications in DeFi and beyond.
Market-wise, $BNB surged to an all-time high of $881 on Thursday, continuing a strong uptrend with a 35% gain over the past 60 days. A wave of institutional interest has fueled the rally. In July, companies like Windtree Therapeutics and Nano Labs collectively invested $610 million into $BNB.
However, not all corporate crypto bets have fared well. Windtree’s stock, which initially soared on the announcement, has since plunged nearly 90%, putting it at risk of delisting from the Nasdaq.
While the memorandum between China Renaissance and YZi Labs is non-binding and subject to final agreements, the collaboration further confirms institutional confidence in $BNB and its ecosystem.