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5h ago

China Renaissance in Talks on $600 Million U.S.-Listed BNB Treasury With YZi Labs

The proposed vehicle would serve as a public digital-asset treasury dedicated to BNB with reported seed commitments of about $100 million each from China Renaissance and CZ’s family office.

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China Renaissance seeks $600M for BNB investment vehicle with YZi Labs participation

Overview

  • Bloomberg reports the Hong Kong-listed bank is in advanced discussions to form a publicly traded U.S. company designed to buy and hold Binance’s BNB token.
  • YZi Labs is expected to co-lead the effort, with the family office and China Renaissance together providing roughly $200 million in initial capital and other institutions supplying the remainder.
  • BNB briefly jumped about 9% to roughly $1,366–$1,370 after the reports before easing, reflecting swift market response to the potential fund.
  • The plan builds on China Renaissance’s August disclosure of a $100 million BNB allocation, making it the first Hong Kong-listed firm to report BNB on its balance sheet.
  • Existing public BNB treasuries remain rare, with companies such as CEA Industries and Nano Labs holding tokens, and the reported fund would rank among the largest single-asset institutional crypto commitments since 2022.