China Renaissance, a Hong Kong-listed investment bank, has signed a strategic cooperation memorandum with digital-asset advisory firm YZi Labs and committed about US$100 million to acquire Binance Coin (BNB)
China Renaissance, a Hong Kong-listed investment bank, has signed a strategic cooperation memorandum with digital-asset advisory firm YZi Labs and committed about US$100 million to acquire Binance Coin (BNB). The transaction would make China Renaissance the first company listed on the Hong Kong Stock Exchange to hold BNB as a proprietary digital asset on its balance sheet.
The partners said the allocation is part of a broader plan to integrate BNB into regulated trading venues and develop new products tied to the token. The move comes as Hong Kong positions itself as a regional hub for regulated digital-asset activity, and it underscores growing institutional interest in crypto holdings beyond the market’s two largest tokens, Bitcoin and Ether.
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Source: https://thedefiant.io/news/markets/china-renaissance-puts-us-100-million-into-binance-coin-f538e515