China Renaissance Plans $600M BNB Treasury in Strategic Alliance with YZi Labs

China Renaissance, a Hong Kong-listed investment bank, is seeking to raise $600 million for a publicly traded digital asset treasury vehicle focused exclusively on $BNB, according to a Bloomberg report. The fund, to be structured and listed in the United States, would represent one of the largest single-asset crypto treasuries by a publicly traded entity.

The initiative is being co-led with YZi Labs, formerly Binance Labs, now functioning as the $10 billion family office and venture arm of Binance co-founder Changpeng "CZ" Zhao. Both entities are committing $100 million each to the project, with the remaining $400 million expected to come from other institutional investors.

A bold institutional bet on $BNB

$BNB, the utility token underpinning the $BNB Chain, has seen renewed investor interest in 2025, more than doubling in value year-to-date. Despite a recent market-wide downturn, $BNB has proven resilient, even reaching a new all-time high around $1,313.

If finalized, the China Renaissance fund would become the largest publicly disclosed $BNB treasury among listed companies, surpassing the current leader, CEA Industries, which recently reported 480,000 $BNB in holdings.

This move also builds on China Renaissance's earlier strategic investment in $BNB. In August, the firm committed $100 million to the token, becoming the first Hong Kong-listed company to disclose $BNB holdings on its balance sheet.

YZi Labs’ growing influence in Web3 finance

YZi Labs' involvement signals the growing role of Binance-linked capital in shaping institutional crypto strategies. As a rebranded version of Binance Labs, YZi Labs now operates independently, with a strong focus on supporting $BNB Chain ecosystem projects and fostering connections between Web3 initiatives and traditional finance.

The firm has recently expanded its presence in San Francisco and Singapore, hosting high-profile events like the "$BNB Visionary Circle: Igniting the Next Trillion," aimed at galvanizing investor and developer communities around $BNB.

From tech banking to digital asset treasuries

Founded in 2007, China Renaissance initially rose to prominence as a backer of Chinese tech startups. After a turbulent 2023, marked by the detention of its founder Bao Fan, the firm has pivoted toward digital finance, with the $BNB-focused fund representing a clear commitment to the emerging trend of digital asset treasuries (DATs)