China Renaissance Puts US$100 Million Into Binance Coin
28 days ago
Wrapped Bitcoin
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China Renaissance, a Hong Kong-listed investment bank, has signed a strategic cooperation memorandum with digital-asset advisory firm YZi Labs and committed about US$100 million to acquire Binance Coin (BNB). The transaction would make China Renaissance the first company listed on the Hong Kong Stock Exchange to hold BNB as a proprietary digital asset on its balance sheet. The partners said the allocation is part of a broader plan to integrate BNB into regulated trading venues and develop new products tied to the token. The move comes as Hong Kong positions itself as a regional hub for regulated digital-asset activity, and it underscores grow...