Huaxing Capital has reached a partnership with YZi Labs to invest approximately 100 million USD for the special allocation of BNB assets

ChainCatcher news, according to the 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 to establish a mutually empowering partnership.

The cooperation includes: a strategic BNB special allocation led by Huaxing Capital: the company will invest approximately 100 million USD for the special allocation of BNB assets, aiming to become the first Hong Kong-listed company to include BNB in its special digital asset allocation; promoting Web3 ecosystem-related initiatives and facilitating the listing arrangements for BNB on compliant exchanges; and promoting real-world asset (RWA) funds and BNB Chain ecosystem projects.