China Renaissance Plans $600M Fund to Invest in Binance’s BNB
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The post China Renaissance Plans $600M Fund to Invest in Binance’s BNB appeared first on Coinpedia Fintech News
China Renaissance, a Beijing-based investment bank, is in talks to raise $600 million to create a public fund investing in Binance’s cryptocurrency, BNB. Alongside, YZi Labs, the family office of Binance’s founder, plans to invest $200 million. Earlier, China Renaissance revealed plans in August to invest $100 million in BNB. This collaboration signals strong institutional confidence in BNB’s ecosystem and the growing integration of traditional finance with blockchain technology, aiming to boost adoption and development globally.
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