The birth of the Hong Kong stock 'BNB Microstrategy'! Hua Xing Capital joins hands with YZi Labs to invest 100 million USD to establish a BNB treasury

Hua Xing Capital Holdings Limited announced on August 22 that it has signed a strategic cooperation memorandum with YZi Labs, the family office of Binance founder Zhao Changpeng, planning to invest approximately 100 million USD in the allocation of Binance Coin (BNB) assets, becoming the first Hong Kong listed company to include BNB in its asset allocation. (Background: The 'King of Mergers and Acquisitions' in China, 'Hua Xing Capital', announced plans to invest 100 million USD into the cryptocurrency ecosystem within two years, with its stock price opening up 15%) (Additional background: BNB broke $880 to set a new historical high! However, Windtree Therapeutics, a company with a BNB treasury, was delisted from NASDAQ, crashing 77% in a single day) Hua Xing Capital Holdings Limited announced on August 22 that it has signed a strategic cooperation memorandum with YZi Labs, the family office of Binance founder Zhao Changpeng, planning to invest approximately 100 million USD in the allocation of Binance Coin (BNB) assets, becoming the first Hong Kong listed company to include BNB in its asset allocation. Deepening Web3 layout, promoting compliant applications of BNB According to the announcement, Hua Xing Capital further plans to collaborate with Huaxia Fund (Hong Kong) and other ecological partners to jointly develop fund products and Web3 related projects, promoting the listing of BNB on licensed compliant virtual asset exchanges in Hong Kong. At the same time, Hua Xing Capital will also collaborate with YZi Labs to establish an RWA fund with a target scale of hundreds of millions of USD, encouraging Hong Kong listed companies to adopt BNB Chain in stablecoin and RWA application scenarios. Purpose of cooperation: Mutual benefit and win-win, seizing opportunities in digital assets This strategic cooperation aims to combine Hua Xing Capital's investment banking and financial services expertise with YZi Labs' resources and technical support in the BNB Chain ecosystem, achieving mutual benefits for both parties. Hua Xing Capital pointed out that it will participate in high-quality projects in the BNB ecosystem to gain investment banking, financial services, and investment opportunities, while also promoting the global promotion and application of the BNB Chain ecosystem. YZi Labs will provide Hua Xing Capital with ecological resource matching, brand promotion support, and strategic consulting to assist in exploring new markets in the digital asset field. Community discussion: Has the 'BNB Microstrategy' of Hong Kong stocks been born? After the announcement, Hua Xing Capital's actions sparked heated discussions in the community. Some netizens described Hua Xing Capital as the 'BNB Microstrategy of Hong Kong stocks', believing that its bold strategy of allocating BNB assets is akin to the investment model of American Microstrategy in Bitcoin. At the same time, some netizens pointed out that Hua Xing Capital is under market pressure due to a 38.7% decline in revenue after its founder Bao Fan was investigated for bribery in 2023, and the company's suspension for 17 months. This cooperation with YZi Labs is seen as a key step in seeking breakthroughs. It is worth mentioning that netizens also connected the backgrounds of Hua Xing Capital and its partner YZi Labs, joking that 'both founders have prison experiences, making them legendary', adding more topic value to this cooperation. Related reports Binance Charity will air drop BNB worth 1.2 million USD to 'flood-affected households in southern Taiwan' 500 million USD bet on BNB! Pharmaceutical company Liminatus Pharma establishes a subsidiary 'American BNB Strategy': optimistic about the profitability of the Binance Chain ecosystem BNB continues to hit new highs + multiple institutions back it, is Binance also going to go public through a shell? 'The birth of the Hong Kong stock 'BNB Microstrategy'! Hua Xing Capital joins hands with YZi Labs to invest 100 million USD to establish a BNB treasury' This article was first published on BlockTempo (the most influential blockchain news media).