Share this article
Investment Bank China Renaissance Plans $600M BNB Treasury With YZi Labs: Bloomberg
The proposed investment vehicle would be a publicly traded US company designed to buy and hold BNB, marking one of the largest single bets on BNB by a publicly listed entity.
Updated Oct 13, 2025, 2:31 p.m. Published Oct 13, 2025, 2:30 p.m.
What to know:
- China Renaissance is seeking to raise $600 million to introduce a public crypto treasury focused on BNB, the native token of the BNB Chain.
- The proposed investment vehicle would be a publicly traded U.S. company designed to buy and hold BNB, marking one of the largest single bets on BNB by a publicly listed entity.
- YZi Labs, the family office of Binance co-founder Changpeng Zhao, plans to invest alongside China Renaissance.
Hong Kong-listed investment bank China Renaissance is seeking to raise $600 million to introduce a public crypto treasury focused on BNB, the native token of the BNB Chain that’s widely used for discounts on Binance fees.
The project, if completed, would mark one of the largest single bets on BNB by a publicly listed entity. The largest BNB-focused treasuries among publicly traded companies currently belongs to CEA Industries, which earlier this month raised its total token holdings to 480,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The proposed investment vehicle would be formed in the United States and structured as a publicly traded company, designed specifically to buy and hold BNB, Bloomberg reports citing sources familiar with the deal.
YZi Labs, the $10 billion family office of Binance co-founder Changpeng Zhao, plans to invest alongside the investment bank.
BNB has more than doubled in price this year, and recovered quickly from the recent $500 billion crypto market crash. Zhao’s family office reportedly continues to actively organize investor interest, recently hosting a dinner in Singapore titled “BNB Visionary Circle: Igniting the Next Trillion,” signaling ongoing appetite for BNB-centric investments.
BNB’s price has outperformed the market since, being up 5.4% in the last seven days, while major tokens including bitcoin and ether are down significantly over the period. The broader market, as measured by the CoinDesk 20 (CD20) index, dropped 8.45% over the last 7 days.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Tensions over El Salvador's bitcoin holdings ease as IMF praises economic progress
The Central American country’s economy is projected to grow 4% this year, the IMF said.
What to know:
- The IMF praised El Salvador's stronger-than-expected economic growth and progress in bitcoin-related discussions.
- El Salvador's real GDP growth is projected to reach around 4%, with a positive outlook for 2026.
- Despite previous IMF recommendations, El Salvador continues to increase its bitcoin holdings, adding over 1,000 BTC during November's market downturn.
Top Stories
