- China Renaissance plans to raise $600 million for a BNB-focused fund in the United States.
- YZi Labs and China Renaissance will invest $200 million together into the new digital asset vehicle.
- Corporate BNB holdings are rising as firms expand crypto treasuries following Bitcoin-focused strategies.
China Renaissance Holdings is preparing to raise $600 million for a new digital asset fund. The fund will focus on BNB, the native token of Binance’s ecosystem. It will be structured as a publicly listed company in the United States. YZi Labs, formerly Binance Labs, is also involved in the initiative. Together, China Renaissance and YZi Labs plan to commit $200 million to the vehicle.
The other 400 million funds will be contributed by the private investors and institutions. The negotiations are still going on and have not yet been announced. If completed, this will mark the largest institutional BNB-focused fund to date. The fund will accumulate and manage BNB as a primary treasury asset.
Shift Toward Corporate BNB Treasuries
This move follows a growing trend of corporate BNB accumulation. China Renaissance had earlier disclosed a $100 million investment in BNB . It was the first Hong Kong-listed firm to do so. Other companies, including CEA Industries and 10X Capital, have also started building BNB reserves.
BNB treasuries have grown rapidly in recent months. Combined holdings by CEA Industries and Nano Labs now total around 608,000 BNB. At current prices, that is worth nearly $800 million. Despite this, corporate wallets hold only 0.44% of BNB’s circulating supply.
The new fund aims to expand institutional exposure to BNB. It mirrors the structure used by other crypto treasury firms like Strategy. That firm holds over 640,000 BTC and has influenced similar plays in altcoins.
Key Backers Linked to Binance Leadership
The fundraising effort connects closely with figures tied to Binance. YZi Labs is led by Ella Zhang, a former Binance executive. Earlier this year, YZi Labs rebranded from Binance Labs . The office also manages assets for Changpeng Zhao, Binance’s co-founder. Zhao stepped down from Binance leadership after resolving legal issues in the U.S.
Sources report that Zhao continues to support the BNB ecosystem through YZi Labs. In October, YZi hosted a private gathering in Singapore. Attendees included executives from China Renaissance and other BNB-holding firms. Discussions centered on expanding corporate BNB portfolios.
The event was part of a larger push to promote BNB among major investors. It took place amid rising interest in digital asset treasuries across Asia.
BNB Price Action and Market Response
BNB recently touched an all-time high of $1,371 before retreating. It now trades near $1,291. The price rose 5.7% in 24 hours after the fund news emerged. So far in 2025, BNB has gained over 120%.
Analysts are expecting support of between $1,230-$1,300. Resistance remains near $1,400. The trading volumes are up, pointing to great interest by the investor.
