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China Renaissance, a Hong Kong-listed investment bank (stock code 1911), has signed a strategic cooperation memorandum with YZi Labs to invest approximately $100 million in Binance Coin (BNB). This move marks China Renaissance as the first Hong Kong-listed company to include BNB as a proprietary digital asset on its balance sheet. The partnership aims to promote the adoption of BNB on regulated exchanges and build the broader digital asset ecosystem. BNB has been highlighted by the companies as a digital asset that has outperformed Bitcoin and Ethereum, reinforcing its strategic value in the investment portfolio.
And now we have a new $1B BNB DAT B Strategy will launch a Nasdaq-listed BNB TreasuryCo aiming to raise $1B with support from Yzi Labs (CZ's investment firm) https://t.co/9Y609SDMAc
According to The Block, digital asset-focused investment firm B Strategy announced plans to launch a Nasdaq-listed BNB treasury company, targeting a $1 billion raise. B Strategy will receive strategic support from YZi Labs and is expected to be completed within a few weeks.
Former Bitmain execs to launch BNB treasury firm with YZi Labs backing, targets $1 billion raise https://t.co/8bDDwbKP0z
