YZi Labs, the $10 billion family office of Binance co-founder Changpeng “CZ” Zhao, is joining forces with China Renaissance to invest $200 million in a new $600 million BNB-focused digital-asset treasury company in the United States, according to sources familiar with the matter.
The venture will establish a publicly listed vehicle dedicated to accumulating BNB, the native token of the Binance ecosystem, mirroring the corporate crypto-hoarding model popularized by Michael Saylor’s Strategy Inc. The initiative seeks to position BNB as a long-term institutional-grade reserve asset, expanding on a trend that began with Bitcoin but has increasingly diversified across major digital tokens.
China Renaissance disclosed in an August filing that it would contribute $100 million to the project, while YZi Labs will co-invest through a separate tranche. If completed, the raise would make this one of the largest treasury-backed crypto ventures since mid-2024.
The move follows BNB’s strong rally this year, which has seen the token more than double in value, repeatedly approaching record highs. The momentum has inspired a wave of similar BNB treasury formations, including a $500 million initiative led by CEA Industries and 10X Capital in July, another deal that included participation from YZi Labs.
Earlier this month, YZi hosted a private event titled “BNB Visionary Circle: Igniting the Next Trillion” at Singapore’s Shangri-La, attended by executives and investors shaping the next phase of institutional BNB accumulation.
