BNB Price Gains 4.1% to $888 Following China Renaissance’s $100M Allocation

China Renaissance invests $100M in BNB, first HK bank to hold it on balance sheet. Partnership with YZi Labs targets BNB listings, fund products, and regulated DeFi growth. BNB trades at $888, RSI 64.21, strong momentum with resistance near $920–$950. China Renaissance, a major Hong Kong–listed investment bank, has made a significant move into digital assets with a $100 million allocation to Binance Coin (BNB). The deal makes it the first financial institution of its kind in Hong Kong to hold the token directly on its balance sheet. The bank signed an agreement with YZi Labs, the venture firm formerly known as Binance Labs, to build regulated pathways for BNB in the region. Under the deal, YZi Labs will provide the crypto-native expertise while China Renaissance works to list BNB on Hong Kong’s licensed exchanges and create compliant, institution-grade fund products tied to the asset. ICYMI: China Renaissance teams up with YZi Labs to channel $100M into $BNB . Beyond capital, is this a signal that traditional finance is leaning deeper into exchange-backed assets as strategic plays? More Updates https://t.co/gqMtXPGSf1 #BNB #Binance #CryptoNews … pic… The post BNB Price Gains 4.1% to $888 Following China Renaissance’s $100M Allocation appeared first on Coin Edition .