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5h ago

China Renaissance Weighs $600 Million U.S.-Listed BNB Vehicle With YZi Labs as Co-Investor

Reports portray the move as part of Asia’s pivot toward infrastructure tokens rather than store‑of‑value plays.

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

Overview

  • Bloomberg-sourced accounts say the Hong Kong-listed bank is in talks to form a publicly traded U.S. company designed to buy and hold BNB.
  • YZi Labs, linked to Binance co-founder Changpeng Zhao, is expected to invest alongside China Renaissance with a combined seed of about $200 million, roughly $100 million each.
  • BNB jumped roughly 9% to record highs near $1,366–$1,370 after the reports before paring gains, outpacing broader crypto markets.
  • The plan builds on China Renaissance’s August disclosure of an initial $100 million BNB allocation and prior collaboration with YZi Labs.
  • Key details remain unconfirmed, including final investor commitments, formal filings, and governance and regulatory structure, as existing public BNB treasuries include CEA Industries and Nano Labs.