Investment Bank Eyes Digital Asset Treasury Expansion
China Renaissance Holdings is in talks to raise $600 million for a publicly listed vehicle in the United States that will hold BNB, the native token of the BNB Chain ecosystem, Bloomberg reported on Monday. The Beijing-based investment bank, which trades on the Hong Kong Stock Exchange, is working on the project with YZi Labs — formerly Binance Labs — with both firms expected to contribute $200 million combined to the new venture.
If completed, the raise would establish one of the largest dedicated BNB treasury companies to date, mirroring similar digital asset accumulation models that have drawn institutional capital this year. The approach follows a growing trend among corporates and funds seeking direct exposure to blockchain tokens through publicly traded vehicles.
Investor Takeaway
Background and Strategy
China Renaissance previously disclosed plans to invest about $100 million in BNB under a strategic agreement with YZi Labs earlier this year. The firm described the move as part of a broader effort to integrate blockchain-based assets into its investment portfolio, making it the first Hong Kong–listed company to directly include BNB in proprietary holdings.
The planned treasury would operate similarly to bitcoin-focused funds that have gained traction in 2025. Those vehicles, led by firms such as DAT Strategy, collectively manage billions of dollars in digital assets, drawing institutional investors looking for exposure to crypto price performance without direct token custody.
BNB has seen renewed demand from both institutional and retail traders amid a broader crypto market rebound. The token, originally issued in 2017 via an initial coin offering linked to Binance, supports the BNB Chain ecosystem, which includes decentralized applications, staking products, and infrastructure providers.
BNB Treasury Trend Gains Pace
Other companies have recently disclosed large-scale BNB holdings. Last week, CEA Industries reported owning 480,000 BNB and $663 million in combined digital and cash assets, reflecting growing interest in holding exchange-native tokens as part of corporate balance sheets. BNB’s price climbed more than 8% on Monday to around $1,313, near its all-time high, according to The Block’s price data.
BNB-focused treasuries have multiplied over the past quarter as the token recovered from earlier market losses. Investors have cited its integration into Binance’s trading ecosystem and ongoing burn mechanism as drivers of long-term value. For firms like China Renaissance, holding BNB through a listed structure could offer both transparency and access to U.S. capital markets.
Investor Takeaway
Outlook
The proposed $600 million raise underscores growing institutional appetite for token-based financial instruments despite lingering regulatory caution in both the U.S. and China. While no timeline has been confirmed, Bloomberg reported that the firms are in active discussions to finalize terms and structure the listing later this year.
China Renaissance’s participation could lend credibility to BNB treasury structures, while YZi Labs’ involvement may signal Binance-linked efforts to expand institutional engagement in compliant markets. The outcome of the fundraiser could help determine whether exchange-linked tokens like BNB can sustain long-term institutional demand beyond trading use cases.