China’s Investment Bank Invests $600 Million in BNB, fueled by Binance Ecosystem Growth

A Chinese investment bank, China Renaissance, is poised to raise approximately $600 million for a public fund focused on investing in Binance Coin (BNB). This initiative comes following a significant upsizing of the fund from previous plans. Changpeng Zhao’s family office, YZi Labs, will contribute $200 million alongside China Renaissance. This strategic move aligns with YZi Labs’ goal of supporting BNB ecosystem growth and building upon the platform’s success.