Major Chinese Investment Bank Pursues $600 Million in Funding for BNB Treasury

China Renaissance Holdings Ltd., a major Chinese investment bank, has entered discussions to secure approximately $600 million for a new public investment vehicle centered on BNB, the cryptocurrency linked to Binance Holdings Ltd. Bloomberg first reported this development, drawing from insights provided by individuals close to the negotiations.

The Beijing headquartered firm, known for its role in connecting Chinese tech companies with global investors, aims to establish a U.S. listed digital asset treasury company dedicated to building substantial holdings in BNB. This approach draws inspiration from established models in the space, particularly the one employed by Michael Saylor’s Strategy, where aggressive accumulation of Bitcoin has become a cornerstone of corporate treasury management.

The proposed entity would operate as a publicly traded vehicle, allowing investors broader access to BNB exposure through traditional stock markets. Sources indicate that the initiative reflects a calculated move by China Renaissance to capitalize on the surging interest in blockchain based tokens amid evolving regulatory landscapes. With its former chairman Bao Fan recently freed from detention in August after a prolonged absence, the bank appears poised to reengage actively in high profile ventures.

Key Players and Investment Details

YZi Labs, the family office managed by Binance co-founder Changpeng Zhao (CZ), plans to join forces with China Renaissance in this endeavor. The two entities together aim to pledge $200 million from the overall fundraising target, with China Renaissance allocating about $100 million specifically toward acquiring BNB tokens. At its current price of around $1,269 per token, this commitment underscores a strong conviction in BNB’s long term potential. The token has climbed more than 36% over the past month, reflecting renewed market enthusiasm driven by ecosystem expansions and broader adoption trends.

This year alone, BNB has more than doubled in value, with prices repeatedly approaching all time highs in recent days. The cryptocurrency’s resilience stems from ongoing developments like enhanced scalability features and partnerships that bolster its position in DeFi. For China Renaissance, launching this vehicle represents a strategic pivot toward digital assets, potentially attracting capital from investors seeking diversified exposure in a maturing crypto market. The firm’s involvement signals confidence in BNB’s role as a stable anchor for blockchain innovation.

Should the fundraising succeed, the $600 million pool would mark one of the largest dedicated commitments to a single cryptocurrency by a traditional financial institution. This move aligns with a wave of corporate treasury shifts, where firms allocate balance sheet resources to cryptocurrencies as a hedge against inflation and fiat currency volatility. Observers note that such initiatives could encourage other Asian financial players to follow suit, fostering greater liquidity and legitimacy for tokens like BNB.

The timing of this announcement carries added weight given recent headlines surrounding Changpeng Zhao. Just last week, reports emerged that President Donald Trump is considering a presidential pardon for Zhao, the former Binance chief executive who served time in U.S. prison following a guilty plea to money laundering violations. Discussions within the White House have intensified, with advisors weighing the implications for the crypto sector’s regulatory future. A potential pardon could alleviate lingering uncertainties around Binance leadership, indirectly boosting sentiment for associated assets like BNB. Zhao’s ongoing influence through YZi Labs demonstrates his continued impact on the industry’s direction, even after stepping down from day to day operations.