
Jakarta, Pintu News – As the value of Binance Coin soars, a major Chinese investment bank, China Renaissance Holdings Ltd. is reportedly in the process of raising $600 million for a US-based Digital Asset Treasury (DAT) company. The company will focus on investing in the altcoin.
According to a Bloomberg report on Monday, China Renaissance plans to establish a public vehicle based on Binance Coin (BNB) with support from YZi Labs Management Ltd. The purpose of this fundraising is to establish an exchange-listed DAT company focused on accumulating Binance Coin (BNB) in the United States.
YZi Labs, formerly known as Binance Labs, plans to invest $200 million in this deal along with the Hong Kong-listed bank. In early October, YZi Labs met with a group of executives optimistic about Binance Coin (BNB) at a dinner event.
China Renaissance, along with other companies involved in the establishment of the Binance Coin (BNB) storage company, sent representatives to the event. The strategic partnership between these two companies was announced recently with the aim to “drive the development of Binance Coin (BNB) and the BNB Chain ecosystem,” which has been gaining momentum over the past few months.
Also Read: How to Buy NVIDIA Shares in Indonesia (2025) – Complete Step-by-Step!

The Chinese investment bank’s initiative follows a growing trend of launching crypto-based DAT companies. This trend has seen the launch of dozens of new Harta Companies and the investment of billions of dollars into these vehicles in recent months. Last week, the world’s largest BNB Hedge company, CEA Industries, announced that their total assets had reached $663 million in cash and crypto assets.
As part of its goal to own 1% of the altcoin’s total token supply by the end of 2025, the Nasdaq-listed company now holds a total of 480,000 Binance Coin (BNB) tokens, valued at $585.5 million as of October 6. In late September, Kazakhstan announced the launch of Alem Crypto Fund, their first crypto reserve fund, aimed at long-term investment in digital assets, with Binance Kazakhstan as a strategic partner.
Amid a surge in Binance Coin (BNB)-based funds, the altcoin has recorded a massive 36% increase in the last month, breaking the $1,000 barrier and reaching several new record highs, with the latest peak of $1,370 on October 13. Currently, Binance Coin (BNB) is trading at $1,281, a 4% increase in the weekly time frame.
With major initiatives from China Renaissance and YZi Labs, as well as a growing trend in the formation of BNB Treasure companies, the future of Binance Coin (BNB) is looking increasingly bright. These investments not only demonstrate the growing confidence in the Binance ecosystem, but also the potential for significant growth in institutional adoption of crypto.
Also Read: 3 Reasons Bitcoin’s Rise to $125,000 Could Be Delayed – Watch Out For These Signals!
Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.