China Renaissance Aims to Raise $600 Million for Large US-Listed Treasury Fund

China Renaissance Holdings is in advanced discussions to secure $600 million for a new investment vehicle listed in the U.S. that focuses on Binance’s native cryptocurrency, BNB, as reported by Bloomberg.

The investment bank based in Beijing intends to create a digital asset treasury company that will primarily hold BNB, aiming to attract both Asian and Western institutional investors.

BNB Reaches All-Time High as China Renaissance and YZi Labs Aim for $600M Treasury Launch

The fund is co-led by YZi Labs, the investment office associated with Binance founder Changpeng “CZ” Zhao. Both entities are anticipated to invest capital, with China Renaissance reportedly pledging $100 million and YZi Labs matching that contribution.

The remaining $400 million will be raised from institutional backers and outside investors. Sources indicate that negotiations are already at an advanced stage, although neither organization has publicly commented on the situation.

If finalized, the initiative aims to replicate the corporate strategy made famous by Michael Saylor’s Bitcoin-focused entity, Strategy Inc., which used its balance sheet to accumulate Bitcoin as a reserve asset.

#BNB https://t.co/VimvhhEOwC

— CZ BNB (@cz_binance) October 13, 2025

The newly established BNB-focused treasury fund is intended to offer similar exposure for institutions looking to capitalize on the increasing adoption and price strength of the Binance ecosystem.

This initiative follows China Renaissance’s earlier announcement in August that it had invested approximately $100 million in BNB, making it the first Hong Kong-listed firm to include the token on its balance sheet.

Founded in 2007, the company has gained recognition for supporting Chinese technology startups but has recently shifted its focus toward blockchain and digital finance after a challenging period in 2023, during which its founder, Bao Fan, was detained by authorities.

YZi Labs, previously known as Binance Labs, has transformed into an independent family office and a significant player in crypto investments.

It has been forming strategic partnerships within the BNB ecosystem, including hosting an exclusive dinner in Singapore earlier this month for executives involved in the “BNB Visionary Circle,” an initiative branded as “Igniting the Next Trillion.”

The fund’s structure and strategy align with the increasing institutional interest in digital asset treasuries (DATs), which have gained traction amid renewed optimism for the cryptocurrency market.

China Renaissance’s initiative represents one of the largest institutional commitments to BNB to date, further establishing the token as a key asset in corporate digital portfolios.

BNB’s recent market activity has underscored the timing of the fund’s establishment. The token rose over 16% in the last 24 hours, achieving a new all-time high of $1,370 on Monday, according to data from CoinMarketCap.

On October 6, BNB surpassed $1,300, marking its second all-time high within hours after initially exceeding $1,200 earlier that day.

BNB reaches $1,111 all-time high with 7.27% surge as Kazakhstan launches national reserve and treasury companies continue buying.#BNB #ATHhttps://t.co/PGK2t9wRRj

— Cryptonews.com (@cryptonews) October 3, 2025

The surge followed a weekend decline that resulted in nearly $20 billion in market-wide liquidations, with BNB recovering more swiftly than most major cryptocurrencies.

BNB’s market capitalization has now exceeded $180 billion, making it the fourth-largest cryptocurrency in the world. Trading volumes have increased by 72% in the past day, and open interest in BNB futures has risen by 34%, indicating heightened speculative and institutional engagement.

On-chain metrics also remain robust, with BNB Chain processing over 3.2 million active addresses daily and reporting a total value locked (TVL) of $9.06 billion, reflecting a 9.47% increase in 24 hours.

BNB Targets $1,500 as Institutional Accumulation and Positive Charts Align

Institutional interest in BNB surged earlier this year when CEA Industries revealed a substantial holding of 480,000 BNB, making it the largest publicly reported corporate holder of the asset.

The company stated its intention to acquire 1% of BNB’s total supply by the end of 2025, highlighting a significant bet on the cryptocurrency’s long-term prospects.

CEA’s filings indicated an average purchase price of $860 per token, totaling a $412.8 million investment. By early October, the position was valued at approximately $585.5 million, supported by $77.5 million in cash reserves.

The firm’s acquisitions followed a major capital raise, enabling it to expand its exposure through both direct purchases and structured deals.

Its accumulation strategy positioned it ahead of earlier entrants such as Nano Labs and Windtree Therapeutics, both of which had announced BNB-focused investments during the summer.

Meanwhile, B Strategy, a digital asset investment firm established by former Bitmain executives, announced plans for a $1 billion BNB treasury vehicle backed by YZi Labs.

The fund, which aims for a U.S. market listing, was described as a “Berkshire Hathaway for the BNB ecosystem,” intended to reinvest in core technologies and community development.

Source: TradingView

On the market front, BNB’s technical outlook remains strong. Analysts report bullish indicators on the 4-hour chart, with the token’s RSI near 63 and MACD trending positively.

Sustained momentum could propel BNB toward a new all-time high near $1,500, although short-term corrections toward $1,077 remain a possibility.

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