China Renaissance Holdings Ltd. often referred to as China Renaissance, a Beijing-based investment bank listed on the Hong Kong Stock Exchange, is in advanced talks to raise approximately $600 million for a new U.S.-listed public vehicle dedicated to accumulating and holding BNB, the native token of the BNB Chain ecosystem tied to Binance.
This move builds on the firm’s earlier commitment and signals growing institutional interest in crypto treasuries, particularly amid BNB’s recent surge to new all-time highs around $1,235–$1,300.
The vehicle would function as a “crypto treasury company,” modeled after similar entities like bitcoin-focused funds that have attracted billions in capital this year.
Register for Tekedia Mini-MBA edition 18 (Sep 15 – Dec 6, 2025): registration continues.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab: From Technical Design to Deployment.
Funds would primarily be deployed to acquire and hold BNB, positioning it as a core balance-sheet asset for yield generation, ecosystem participation, and potential staking rewards within the BNB Chain. Leading the effort, with an initial $100 million already allocated to BNB from an August 2025 strategic partnership.
The rebranded family office and venture arm of Binance co-founder Changpeng “CZ” Zhao—YZi Labs, committing alongside China Renaissance for a combined $200 million seed investment. The remaining ~$400 million would come from institutional investors and public markets via the U.S. listing.
Talks are ongoing, with no final close announced yet. This follows the August 22, 2025, memorandum of understanding (MoU) between China Renaissance and YZi Labs, which aimed to promote BNB adoption, including potential listings on regulated Hong Kong exchanges.
The bank’s former chairman, Bao Fan, was released from detention in August 2025, potentially stabilizing operations for this pivot to Web3. In August 2025, the firm became the first Hong Kong-listed company to hold BNB directly on its balance sheet, earmarking $100 million for the token as part of a broader $200 million Web3 strategy.
This includes advisory from YZi Labs on vetted BNB Chain projects in DeFi, AI, and real-world asset (RWA) tokenization. Once dubbed China’s “M&A King” for tech deals, China Renaissance is shifting toward digital assets amid regulatory thawing in Hong Kong as a crypto hub.
BNB’s utility—powering the BNB Chain for low-cost transactions, dApps, and ecosystem incentives—aligns with the bank’s goal of “sustainable participation opportunities” beyond price speculation.
While Hong Kong has approved BNB listings on platforms like OSL Exchange, broader mainland China crypto restrictions remain tight. The U.S. listing could bypass some hurdles but would need to navigate SEC scrutiny on tokenized assets.
This announcement has sparked bullish reactions across crypto circles, with BNB’s price jumping ~5% intraday on October 13, 2025, amid $606 million in broader market liquidations mostly shorts. On X (formerly Twitter), Cz_binance (CZ) simply posted “#BNB” in response to the news, amplifying hype.
Analysts point to volume profile indicators suggesting further upside, potentially toward a new ATH, driven by institutional inflows. Mirrors $5.5B+ in BTC/ETH treasuries; could boost BNB liquidity by 0.5–1% of circulating supply.
BNB Holdings Potential ~460,000–480,000 BNB at current ~$1,250 price. Comparable to recent disclosures by firms like CEA Industries; enhances staking yields ~3–5% APY. Supports builders via YZi Labs; could accelerate listings and adoption in Asia.
Regulatory hurdles in U.S./HK; crypto volatility Deal not finalized; BNB down 20% from peaks in bear scenarios. This rare institutional bet from a Chinese firm underscores crypto’s maturation, bridging TradFi with Web3. If completed, it could catalyze similar BNB treasuries and solidify the token’s role in global finance.
