China Renaissance is raising $600 million for a U.S.-listed BNB Treasury, co-led with YZi Labs investing $100 million. Digital asset treasuries are growing among public companies. China Renaissance in advanced talks to raise $600 million for a fund dedicated to holding Binance’s native token, BNB, hitting an all-time high.

YZi Labs, the investment arm of Binance co-founder Changpeng “CZ” Zhao, commits around $100 million for the $600 million fund co-led with China Renaissance. China Renaissance matches that figure, the remainder from other institutional investors. YZi Labs positioned as a stand-alone family office and crypto investment powerhouse.

Binance-linked capital’s influence grows with YZi Labs’ co-lead role in the fund, formalizing institutional pathways for BNB adoption. China Renaissance backed China’s startups before shifting to digital finance. Founder Bao Fan’s detainment led to a refocused strategy around blockchain investment, aligning with the corporate move toward DATs.

Corporations holding crypto on balance sheets gaining traction, with public companies accumulating Ethereum, Solana, and BNB for potential appreciation, yield opportunities, and ecosystem integration. A $600 million BNB Treasury would be a significant institutional endorsement, boosting liquidity and reinforcing BNB Chain’s role as a core blockchain ecosystem.

Read more at Yahoo Finance.: China’s Leading Investment Bank Eyes $600M BNB Treasury as Token Hits Record High