Bank of China will invest in #BNB , the cryptocurrency of Binance, What direction do you think BNB will take?$BNB

It will do so in conjunction with YZi Labs, the 'family office' of Binance co-founder Changpeng Zhao.

by Nicolás Antiporovich

A company that will be listed on the US stock market will be created.

The strong performance of the BNB cryptocurrency attracts large capital. The Chinese investment bank China Renaissance Holdings Ltd. is in talks to raise approximately 600 million dollars for a public investment vehicle aimed at purchasing BNB, the digital asset created by the Binance exchange.

According to sources familiar with the matter who spoke with Bloomberg News, YZi Labs, the family office of Binance co-founder Changpeng Zhao, plans to join the investment. Together, China Renaissance and YZi Labs would contribute an initial capital of 200 million dollars for the initiative.