China Renaissance Launches $600M BNB Treasury Vehicle for Institutional Investors

China Renaissance, a prominent financial firm, is preparing to launch a groundbreaking $600 million venture focused on accumulating Binance Coin (BNB), the native token of the Binance Chain. This innovative strategy mirrors the success of Bitcoin treasury vehicles, offering investors exposure to BNB through a regulated and transparent investment vehicle. 🇨🇳 The vehicle, backed by both China Renaissance and YZi Labs, a family office affiliated with Binance founder Changpeng Zhao, aims to attract institutional capital seeking to benefit from the burgeoning ecosystem of the BNB Chain.