Hong Kong-listed company Huaxing Capital signed a strategic cooperation memorandum with YZi Labs, and will invest approximately US$100 million in BNB assets.

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According to Techub News, according to an announcement from the Hong Kong Stock Exchange, Hong Kong-listed company Huaxing Capital (stock code: 1911) has signed a strategic cooperation memorandum with YZi Labs to support the application of the BNB and BNB Chain ecosystems and establish a mutually empowering partnership. The collaboration includes: a strategic BNB allocation led by Huaxing Capital: the company will invest approximately US$100 million in a dedicated BNB asset allocation, aiming to become the first Hong Kong-listed company to include BNB in its dedicated digital asset allocation; promotion of Web3 ecosystem-related initiatives and facilitation of BNB listings on compliant exchanges; and promotion of the Real World Asset (RWA) Fund and BNB Chain ecosystem projects.

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