China Renaissance Plans to Launch $600M BNB Fund

China Renaissance Bank plans to start a big crypto fund and hopes to raise $600 million, mostly to invest in Binance Coin (BNB). The fund, supported by YZi Labs, shows growing interest from big investors in the crypto market. It also follows strategies used by well-known companies that hold crypto.

A U.S. Digital-Asset Treasury in the Making

Bloomberg reported on October 13 that China Renaissance Holdings Ltd. is working to set up a digital-asset treasury company in the United States. 

The company will hold BNB as its main treasury asset. This approach follows the model set by Michael Saylor’s Strategy Inc., which popularized keeping high-performing digital coins in corporate reserves.

China Renaissance Bank plans to contribute $100 million of its own capital, while the bank itself, together with YZi Labs, will provide $200 million. The remaining $300 million is expected to come from outside investors, targeting both Asian and Western markets.

Neither China Renaissance Bank nor YZi Labs offered direct comments on the fundraising. However, insiders suggest that talks are already at an advanced stage.

BNB Gains Big Backing from YZi Labs with New Fund

The partnership shows growing support from big investors for BNB, led by YZi Labs, the $10 billion family office of Binance ex-CEO Changpeng ‘CZ’ Zhao. Earlier this month, YZi Labs held a private dinner at Singapore’s Shangri-La Hotel for executives involved in the BNB Visionary Circle. 

The meeting focused on new BNB-backed investment opportunities and the future of decentralized asset management. Ella Zhang, head of YZi Labs, led the discussions and highlighted plans for new investment structures in the BNB ecosystem.

This new funding comes a few days after YZi Labs shared that it has committed a $1 billion builder fund to support projects built on the BNB Chain. 

Market Momentum and Growing Institutional Confidence

The timing of the $600 million fund comes as BNB shows renewed market strength. Earlier today, the token jumped 16% to a new all-time high, bouncing back after a recent market-wide drop. CZ’s public actions, including Binance’s promise to compensate users affected by recent depegs, have boosted investor confidence.

Institutional trust is also growing. Franklin Templeton has expanded its token platform to Binance Chain, which is now valued at $141.7 billion. This makes the BNB Chain, already tagged as the most active blockchain network, more attractive to professional investors.

BNB ecosystem is also benefiting from cultural and social trends. CZ’s promotion of meme tokens has helped coins like GIGGLE rise over 700% in the past week. These tokens show that BNB is popular both as an investment and as a cultural trend.