The China-based investment bank China Renaissance has taken action to make a $600 million investment in Binance Coin (BNB). The bank plans to establish a digital asset treasury company focused on BNB, which will also be supported by YZi Labs, the family office of Changpeng Zhao (CZ).
According to a report by Bloomberg, China Renaissance Holdings aims to raise a total of $600 million in the coming days. This new initiative has significant potential due to the expectation that BNB’s value will double by 2025. Previously, in August, China Renaissance had indicated its plan for a $100 million investment in BNB.
Once the project is completed, China Renaissance aims to build a publicly traded structure in the U.S. to accumulate BNB. This strategy is regarded as a modern version of the corporate crypto treasury trend initiated by Michael Saylor’s Bitcoin-focused Strategy Inc..
YZi Labs has attracted attention with its active participation in the treasury projects surrounding BNB recently. In July, they were reported to have joined a $500 million BNB acquisition fund launched by CEA Industries and 10X Capital. YZi Labs’ CEO Ella Zhang shared the vision for BNB at the “BNB Visionary Circle: Igniting the Next Trillion” event held in Singapore in October, which was also attended by representatives from China Renaissance.
The increasing value of BNB is attracting the attention of cryptocurrency investors. With expectations that BNB could reach record levels by 2025, it stands out for the opportunities it offers to investors. China Renaissance’s new initiative is seen as an important step in the field of institutional-level crypto asset management.
⚖️ Yasal Uyarı:Bu içerik yatırım tavsiyesi niteliği taşımaz. Yatırımlarınızla ilgili kararlarınızı kendi araştırmalarınız ve risk profilinize göre almanız önerilir.
Binance Coin, crypto treasury, investment bank, China Renaissance, Changpeng Zhao, YZi Labs, BNB investment.