According to Bloomberg, China Renaissance Holdings Ltd. is working to establish a digital asset treasury company in the U.S. that will accumulate BNB as its primary treasury asset.
If successful, the initiative would reflect the model initiated by Michael Saylor's entity that owns Bitcoin, Strategy Inc. The firm has become a trendsetter among corporations seeking exposure to high-performing crypto assets.
The bank will contribute 200 million dollars to the project in collaboration with YZi Labs. China Renaissance Bank's own plans to contribute around 100 million dollars indicate a significant institutional bet on the sustained growth of the token. Targeting both Asian and Western markets, the remaining funds will be raised from external investors.
Neither YZi Labs nor China Renaissance provided direct comments on the fundraising effort, although internal sources indicate that discussions are already at an advanced stage.
The collaboration underscores the growing institutional convergence around the coin, driven by YZi Labs, the $10 billion family office of the Czech Republic. Earlier this month, YZi Labs hosted an exclusive private dinner at the Shangri-La Hotel in Singapore, attended by executives from companies supporting the BNB Visionary Circle. This initiative is described as 'Igniting the Next Trillion.'
Reportedly, Ella Zhang, who heads YZi Labs, led discussions focused on the upcoming wave of investment vehicles backed by Binance coins and the evolution of decentralized asset management.
This fund is the closest investment in valuation to the BNB vehicle of B Strategy, valued at $1 billion, also backed by YZi Labs. The firm described its goal as becoming the 'Berkshire Hathaway of the BNB ecosystem.'
The launch of the $600 million fund by China Renaissance Bank coincides with a recovering market. Today, BNB reached a new all-time high after a 16% increase in its price. This is particularly noteworthy because the market has just recovered from a wave of widespread selling.
CZ's public participation, particularly Binance's promises to compensate users affected by recent depeggings, was a significant factor in the optimism.
To drive growth, Franklin Templeton expanded its tokenized platform to Binance Chain. This demonstrates the growing institutional confidence in the ecosystem. The chain, currently valued at $141,700 million, has become a key infrastructure for tokenized assets.
The cultural and social appeal of the token has also grown. CZ's backing of meme tokens within the ecosystem has driven a strong increase in coins like GIGGLE. The token skyrocketed at least 700% during the last week.
