A major wave of institutional interest could soon reshape the Binance ecosystem. Reports indicate that China Renaissance Bank is preparing to raise a staggering $600 million for a new digital asset vehicle designed to accumulate Binance Coin (BNB) - signaling one of the most significant corporate moves toward a single blockchain asset this year.
Although the fundraising discussions remain private, insiders say the bank plans to build a treasury centered around BNB accumulation rather than short-term speculation. The initiative is expected to bring together capital from key partners, including YZi Labs, which has already confirmed its participation in the venture.
Building a Long-Term BNB Treasury
Early details suggest China Renaissance and YZi Labs will each contribute roughly $100 million in seed capital to launch the project, with external backers expected to supply the remaining $400 million. The fund’s primary purpose will be to hold BNB as a core long-term position – a signal that institutional players in Asia are betting on the token’s future relevance beyond trading utility.
This is not the first time the two entities have joined forces. In August, China Renaissance partnered with YZi Labs Management Ltd to expand tokenization efforts and develop the BNB Chain ecosystem. The collaboration focused on integrating real-world assets with blockchain technology, a sector that has become increasingly central to BNB’s growth narrative.
Institutional Adoption Takes a New Turn
By formally allocating company funds to BNB, China Renaissance became the first Hong Kong-listed firm to include the asset within its proprietary digital portfolio – a decision that highlights how traditional finance in Asia is warming up to Web3 exposure. Analysts suggest the move reflects growing confidence in BNB’s ecosystem resilience, especially following Binance’s continued expansion in payments, DeFi, and infrastructure solutions.
BNB’s price action has mirrored that optimism. The token climbed nearly 9% over the last 24 hours to hover near $1,324, extending its strong recovery streak following last week’s volatility. Traders say that institutional inflows of this scale could push BNB into new price territory if the fundraising plans move forward as expected.
With the fund targeting a blend of strategic investment and ecosystem development, BNB’s influence across Asia’s blockchain markets could soon rival Ethereum’s footprint in the West.
Source: Bloomberg
