China Renaissance Holdings Limited has partnered with YZI Labs to deepen its footprint, particularly in the cryptocurrency sector within the BNB chain ecosystem.
In a voluntary disclosure today, the company has revealed its signature of a non-binding memorandum of strategic cooperation.
$100 million BNB allocation
As part of agreementthe Chinese Renaissance allocates around $100 million to BNB. This will make it the first Hong Kong listed company to include BNB in its Crypto Asset portfolio.
In collaboration with China’s Asset Management (Hong Kong) and other ecosystem players, the Chinese Renaissance will develop fund-based investment products and promote BNB adoption through compliant financial channels.
RWA Funds integrate BNB into real-world use cases
With the guidance and cooperation of YZI Labs, the Chinese Renaissance will launch a hundred million dollars of real-world assets (RWA) fund. The fund aims to accelerate the integration of BNB public chain technology in Stablecoin and RWA applications, particularly amongst Hong Kong listed companies.
YZI Labs serves as strategic advisors for cooperation and will support the Chinese Renaissance as follows:
- Introducing ecosystem projects and third-party connections (custodians, validators, infrastructure providers)
- Branding and promotional support via official channels
- Collaborative Web3 and Capital Markets Initiative
Together, the parties plan to identify and implement new growth opportunities that will benefit the Chinese Renaissance financial services capabilities and the BNB chain ecosystem.
BNB defeats new AT amid in institutional frenzy
In particular, BNB is the native token of the BNB chain and is one of the most actively used blockchains in the world. This helps in powering transactions, protecting your network through governance, and supporting applications in Defi and Beyond.
Market-wise, BNB surged to a record high of $881 on Thursday, continuing its strong upward trend with a 35% increase over the past 60 days. The wave of Institutional benefits We fueled the gatherings. In July, companies such as Windtree Therapeutics and Nano Labs collectively invested $610 million in BNB.
However, not all companies’ crypto bets work. Windtree stock, which initially surged in the announcement, has since plummeted nearly 90%, putting it at risk of delisting from the Nasdaq.
The memorandum between the Chinese Renaissance and YZI Lab is non-binding and subject to the final agreement, but the collaboration further confirms. Institutional trust in BNB And that ecosystem.
