Investment bank China Renaissance Holdings has begun negotiations to launch a new public investment instrument linked to the cryptocurrency BNB. According to preliminary information, the project will also involve YZi Labs, formerly known as Binance Labs.
This is reported by Finway
Planning Large-Scale Investments in BNB
The total funding for the investment instrument is expected to reach $600 million. A significant portion of this amount—around $200 million—is planned to be jointly invested by China Renaissance and YZi Labs. There is a discussion about creating a treasury company for digital assets in the United States, which will serve as a public instrument for accumulating BNB.
“If the deal is successful, the $600 million raised will be used to create a so-called digital asset treasury company in the U.S.—a public instrument designed for accumulating BNB,” journalists noted.
New Investments in the BNB Sector
Previously, other companies have also expressed their intention to invest in BNB. In particular, CEA Industries and 10X Capital, with the support of YZi Labs, announced a private placement of shares worth $500 million and warrants worth $750 million to create a BNB reserve.
It is worth noting that recently, former Binance CEO Changpeng Zhao emphasized that neither he nor any related entities participated in shaping the market dynamics of this asset.