en.bitcoinsistemi.com
13 October 2025 12:32, UTC
According to Bloomberg, China Renaissance Bank aims to raise $600 million for $BNB investment.
Accordingly, China Renaissance Bank, a China-based investment bank, is in talks to raise $600 million for a Binance Coin ($BNB) investment vehicle in which YZi Labs will also participate.
China Renaissance Holdings aims to raise approximately $600 million to establish a digital asset treasury centered on $BNB.
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The report also noted that the funds raised will be used to stockpile long-term $BNB. China Renaissance and YZi Labs plan to contribute $100 million each, for a total of $200 million.
In August, China Renaissance announced a strategic partnership with YZi Labs Management Ltd to accelerate the development of the $BNB Chain ecosystem and advance real-world asset (RWA) tokenization.
As part of the agreement, China Renaissance will allocate approximately $100 million to $BNB, making it the first Hong Kong-listed company to explicitly include $BNB as part of its proprietary digital asset allocation.
$BNB, which has increased by 8.8 percent in the last 24 hours, continues to be traded at $1324 at the time of writing.
*This is not investment advice.
