Key Notes

China Renaissance is reportedly raising $600 million to accumulate BNB tokens.

YZi Labs, the family office of Binance’s Changpeng Zhao, will co-invest.

BNB hit a new all-time high of $1,370.55 a few hours ago.

.China Renaissance Holdings Ltd., a Beijing-based investment bank, is reportedly in talks to raise around $600 million for a new digital-asset treasury company.

According to a Bloomberg report , the publicly listed vehicle would focus on accumulating BNB, the native token of Binance, the world’s largest cryptocurrency exchange.

YZi Labs to Invest

According to the report, YZi Labs , the family office of Binance co-founder Changpeng Zhao (CZ), is expected to invest alongside China Renaissance. Sources familiar with the matter said that YZi and China Renaissance pla

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