BNB on Watch? China Renaissance Targets $600M for Massive US-Listed Treasury Vehicle

China Renaissance Holdings is in advanced talks to raise $600 million for a new U.S.-listed investment vehicle centered on Binance’s native cryptocurrency, BNB, according to a Bloomberg report. The Beijing-based investment bank plans to establish a digital asset treasury company that will hold BNB as its primary asset, targeting both Asian and Western institutional investors. BNB Hits All-Time High as China Renaissance and YZi Labs Target $600M Treasury Launch The fund is being co-led by YZi Labs, the i ...