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 growing institutional interest in crypto holdings beyond the market’s two largest tokens, Bitcoin and Ether.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io