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China Renaissance in talks to raise $600 million for BNB investment

Published 13/10/2025, 11:36
China Renaissance in talks to raise $600 million for BNB investment
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Investing.com -- China Renaissance Holdings Ltd. is in discussions to raise approximately $600 million for a public vehicle that would invest in a cryptocurrency with close ties to Binance Holdings Ltd.

The Beijing-based Chinese investment bank, whose former chairman Bao Fan was released from detention in August, plans to partner with YZi Labs, the family office of Binance Co-Founder Changpeng Zhao, according to a Bloomberg report on Monday.

Together, China Renaissance and YZi Labs intend to invest $200 million in the deal. China Renaissance disclosed in an August filing that it would invest about $100 million in BNB, the Binance-linked token.

If the fundraising effort succeeds, the $600 million would be used to establish a digital-asset treasury company in the United States. This publicly-listed vehicle would focus on accumulating the BNB token.

Changpeng Zhao, who backs YZi Labs, was released from federal custody in the US last year.

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