Huaxing Capital partners with YZi Labs to invest approximately $100 million in a dedicated BNB asset allocation
B.news
Recently, an announcement released by the Hong Kong Stock Exchange revealed that Huaxing Capital and YZi Labs have officially signed a strategic cooperation memorandum, which will see the two parties engage in multi-layered collaboration around the BNB and BNB Chain ecosystems.
The collaboration includes: a strategic BNB allocation led by Huaxing Capital: the company will invest approximately US$100 million in a dedicated BNB asset allocation, aiming to become the first Hong Kong-listed company to include BNB in its dedicated digital asset allocation; promotion of Web3 ecosystem-related initiatives and facilitation of BNB listings on compliant exchanges; and the promotion of Real World Asset (RWA) funds and BNB Chain ecosystem projects. The collaboration aims to jointly promote the deep integration of blockchain technology and the capital market.
This collaboration not only signals a further embrace of the digital asset sector by traditional financial giants, but also injects new momentum into Hong Kong's accelerated development of the Web3 industry as an international financial center.
According to the collaboration, Huaxing Capital will lead a strategic BNB dedicated asset allocation program of approximately US$100 million. The plan aims to systematically hold and operate BNB assets. As a result, China Renaissance intends to become the first listed company in the Hong Kong capital market to include BNB in its dedicated digital asset allocation. This move not only demonstrates institutional capital's recognition of BNB's long-term value, but also reflects the gradual evolution of listed companies' asset allocation strategies towards diversification and digitalization.
In addition to asset allocation, the two parties will also collaborate on ecosystem promotion and regulatory compliance. This collaboration includes jointly promoting BNB's listing on compliant exchanges to enhance its market liquidity and accessibility;
supporting the development and implementation of various Web3 applications on the BNB Chain, covering cutting-edge areas such as decentralized finance (DeFi), gaming, the metaverse, and digital identity; and fostering a more vibrant ecosystem through joint initiatives, industry summits, and developer grant programs.
Furthermore, the tokenization of real-world assets (RWAs) and fund collaboration are also key areas of this strategic partnership. Huaxing Capital will leverage its resources and experience in traditional finance to promote the incubation and management of RWA projects based on BNB Chain, explore innovative business models for on-chain assets such as stocks, bonds, and commodities, and accelerate the value connection between the real economy and blockchain.
The entire collaboration aims to achieve mutual empowerment in capital, technology, and applications:
Huaxing Capital, leveraging its financial expertise and listed company platform resources, will provide capital support and a compliance framework for YZi Labs and the BNB Chain ecosystem; while YZi Labs will provide blockchain technology capabilities and ecological resources, jointly promoting the innovative development of the Web3 industry in Hong Kong and the Asia-Pacific region.
This collaboration is also viewed by the market as a significant step in Huaxing Capital's strategic transformation, demonstrating its positive outlook on the future prospects of the digital economy. It also further consolidates BNB Chain's strategic position at the institutional level and in real-economy applications.
