China Renaissance Seeks $600 Million for BNB Crypto Treasury

Bloomberg TechnologyMonday, October 13, 2025 at 10:06:46 AM
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China Renaissance Seeks $600 Million for BNB Crypto Treasury
China Renaissance is making headlines as it seeks to raise $600 million for a new public investment vehicle focused on cryptocurrency, particularly one linked to Binance. This move comes after the release of its former chairman, Bao Fan, from detention, signaling a potential turnaround for the firm. The investment could enhance China's presence in the crypto market and attract more institutional interest, which is crucial for the industry's growth.
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