Huaxin Capital Partners with YZi Labs to Invest Approximately $100 Million in Special BNB Asset Allocation

BlockBeats News, August 22, according to an announcement from the Hong Kong Stock Exchange, Huaxing Capital has announced a strategic cooperation memorandum with YZi Labs to support the application of BNB and the BNB Chain ecosystem, and establish a mutually empowering cooperative relationship. The cooperation includes:

Strategic BNB Special Allocation led by Huaxing Capital: The company will invest approximately $100 million in a special allocation of BNB assets, aiming to become the first Hong Kong-listed company to include BNB in a special digital asset allocation;

Promotion of Web3 ecosystem-related initiatives and driving the listing of BNB on compliant exchanges;

Real World Asset (RWA) Fund and promotion of BNB Chain ecosystem projects.