China Renaissance to raise $600M for a $BNB treasury firm

According to Bloomberg, China Renaissance is in talks to raise $600 million to establish a $BNB treasury company that will be listed in the US. YZI Labs is expected to co-invest in the deal.

The Beijing-based investment bank, listed on the Hong Kong Stock Exchange, previously signed a strategic partnership with YZI Labs in August and pledged to invest $100 million in $BNB

BNB

637.06

+0.52%