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China Renaissance Holdings Ltd. is in advanced talks to raise $600 million for a new investment vehicle dedicated to BNB crypto treasury assets, signaling a renewed push into digital finance following the release of its former chairman, Bao Fan.
The move marks one of the largest institutional investments in a cryptocurrency linked to Binance Holdings Ltd., as China reengages selectively with the digital asset market.
The Beijing-based investment bank revealed that it intends to channel a portion of the fund into BNB crypto treasury reserves, underscoring its confidence in Binance’s ecosystem despite ongoing global regulatory scrutiny.
According to sources familiar with the matter, YZi Labs, the family office of Binance co-founder Changpeng Zhao, will join the deal alongside China Renaissance. Together, the two entities will contribute $200 million toward the total fundraise.
In an August filing, China Renaissance confirmed its plans to invest $100 million in BNB, highlighting the growing institutional appetite for blockchain-linked financial products.
The collaboration between China Renaissance and YZi Labs adds significant weight to the proposed BNB crypto treasury, particularly given Zhao’s standing in the global crypto community. The partnership also underscores the gradual reentry of major Chinese financial players into digital asset markets following years of regulatory tightening.
“China Renaissance is demonstrating strategic foresight by aligning itself with Binance’s network,” said a market analyst familiar with the negotiations. “The formation of a BNB crypto treasury vehicle could establish a blueprint for institutional participation in Asia’s digital asset sector.”
Changpeng Zhao, who was released from U.S. federal custody in 2024, has since turned his attention toward diversifying his investments through YZi Labs. His participation in the BNB crypto treasury project represents both a symbolic and financial vote of confidence in Binance’s native ecosystem.
The proposed fund aims to create a BNB crypto treasury capable of serving as a structured investment vehicle for institutional and high-net-worth investors seeking exposure to BNB. As Binance’s flagship token continues to perform strongly across decentralized finance and exchange operations, the fund’s timing appears strategic.
BNB remains a cornerstone of Binance’s operations, used for transaction fees, staking, and blockchain infrastructure projects. The BNB crypto treasury initiative could, therefore, deepen liquidity in Binance-linked ecosystems and strengthen institutional confidence in blockchain-backed financial instruments.
According to insiders, the capital raise will focus on both direct BNB acquisitions and strategic ecosystem partnerships. The structure is expected to mimic traditional treasury investment models, offering transparency and yield-based growth potential within the volatile crypto landscape.
The BNB crypto treasury announcement comes amid cautious optimism in the Asian financial sector, particularly after China Renaissance’s recent leadership challenges. Former chairman Bao Fan, who was detained by Chinese authorities in 2023 and released in August 2025, had long championed the integration of fintech and investment banking. His return has been viewed as a catalyst for the firm’s renewed momentum.
Analysts note that the proposed BNB crypto treasury could test the boundaries of China’s evolving digital asset stance. While mainland regulators maintain restrictions on cryptocurrency trading, Hong Kong’s more permissive environment provides an alternative pathway for cross-border innovation.
“This move demonstrates how financial institutions are adapting to regulatory realities while positioning themselves for future growth in digital assets,” said another Hong Kong-based financial strategist.
With China Renaissance and YZi Labs leading the way, the fund may serve as a bellwether for how traditional finance and digital assets can coexist, particularly through compliant, treasury-style investment mechanisms.
If successfully executed, the BNB crypto treasury could mark a significant milestone in the institutionalization of crypto assets across Asia. The collaboration between China Renaissance and Binance’s co-founder sends a powerful message about market confidence and regional leadership in the next phase of blockchain finance.
For investors, the BNB crypto treasury offers both opportunity and insight, a sign that Asia’s financial heavyweights are no longer standing on the sidelines of crypto innovation but actively shaping its future.
