Chinese Investment Bank Eyes $600 Million Raise For BNB Treasury Company

As BNB rallies to new highs, a major Chinese investment bank is reportedly in talks to raise $600 million for a new US-based Digital Asset Treasury (DAT) company, focused on investing in the altcoin. Related Reading: XRP Reclaims Market Momentum With $30 Billion In Fresh Inflows, A Rally Underway? Chinese Investment Plans $600 Million Fundraiser On Monday, Bloomberg reported that Beijing-based Chinese investment bank China Renaissance Holdings Ltd. is planning a fundraiser for a new BNB-based public vehicle backed by YZi Labs Management Ltd. According to the news media outlet, China Renaissance aims to raise $600 million to create a publicly listed DAT company dedicated to accumulating BNB in the United States source: https://www.newsbtc.com/news/chinese-investment-bank-eyes-600-million-raise-for-bnb-treasury-company/