Huaxing Capital is in talks to establish a $600 million fund to invest in BNB, with YZI Labs participating.

According to a recent Bloomberg report, China Renaissance, a renowned Chinese investment bank, is in active talks to raise approximately $600 million to co-found a public fund dedicated to investing in BNB, a token associated with Binance, the world's leading cryptocurrency exchange.

It is reported that China Renaissance will co-invest in the fund with YZiLabs, with the latter planning to invest $200 million. Huaxing, according to documents filed in August of this year, has initially planned to invest approximately $100 million in BNB assets.

This collaboration and financing further demonstrate the growing interest of traditional financial institutions in the crypto asset sector and Huaxing's strategic layout in digital assets. If the fund is successfully launched, it will become another important bridge connecting traditional capital and the crypto ecosystem, and provide the market with a new path for institutional participation in cryptocurrency investment.