China Renaissance Raises $600 Million for U.S.-Listed BNB Vehicle

Investment bank China Renaissance is seeking to raise $600 million to create a publicly listed entity in the US, specifically focused on holding BNB, the native cryptocurrency of the BNB Chain ecosystem. This initiative, announced by Bloomberg on Monday, involves collaboration with YZi Labs, formerly Binance Labs, with both firms contributing $200 million to the new venture. If successful, this would establish one of the largest dedicated BNB treasury companies yet, mirroring similar investment models that have attracted institutional capital in 2023.