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China Renaissance, a Hong Kong-listed investment bank, has signed a strategic cooperation memorandum with digital-asset advisory firm YZi Labs and committed about US$100 million to acquire Binance Coin (BNB). The transaction would make China Renaissance the first company listed on the Hong Kong Stock Exchange to hold BNB as a proprietary digital asset on its balance sheet. The partners said the allocation is part of a broader plan to integrate BNB into regulated trading venues and develop new products tied to the token. The move comes as Hong Kong positions itself as a regional hub for regulated digital-asset activity, and it underscores growing institutional interest in crypto holdings beyond the market’s two largest tokens, Bitcoin and Ether.
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JUST IN: China Renaissance is taking $BNB mainstream 📰 The Hong Kong-listed bank signed an MoU with @YZiLabs, allocating $100M to Binance Coin and aiming to push its adoption on regulated exchanges https://t.co/U7IRJI8jHJ
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