The post China Renaissance Plans $600M Fund to Invest in Binance’s BNB appeared first on Coinpedia Fintech News
China Renaissance, a Beijing-based investment bank, is in talks to raise $600 million to create a public fund investing in Binance’s cryptocurrency, BNB. Alongside, YZi Labs, the family office of Binance’s founder, plans to invest $200 million. Earlier, China Renaissance revealed plans in August to invest $100 million in BNB. This collaboration signals strong institutional confidence in BNB’s ecosystem and the growing integration of traditional finance with blockchain technology, aiming to boost adoption and development globally.
Source: https://coinpedia.org/crypto-live-news/china-renaissance-plans-600m-fund-to-invest-in-binances-bnb/