Report indicates China Renaissance is aiming for a $600 million BNB crypto treasury.

China Renaissance Plans $600 Million Fundraise for Binance‑Linked Crypto Vehicle

China Renaissance Holdings Ltd. is reportedly negotiating to raise roughly $600 million for a public investment vehicle centered on a cryptocurrency linked to Binance Holdings Ltd. Bloomberg journalists Haze Fan, Muyao Shen, and Suvashree Ghosh reported the development, citing sources familiar with the matter. Bloomberg states that the firm is moving into the Binance‑linked token space.