"Huaxing Capital plans $100 million investment in BNB... first case among Hong Kong listed companies"
Minseung Kang
Summary
- Hong Kong-listed Huaxing Capital has officially approved a strategic plan to include about $100 million worth of BNB in its asset portfolio.
- This is said to be the first case among Hong Kong-listed companies to include BNB as a strategic asset.
- The plan reportedly includes the listing of BNB on regulated Hong Kong virtual asset exchanges, support for Web3-based projects, and the launch of real-world asset (RWA) products.
Hong Kong-listed Huaxing Capital has officially approved a strategic plan to add $100 million worth of Binance Coin (BNB) to its asset portfolio. This marks the first case among Hong Kong-listed companies to include BNB as a strategic asset.
According to cryptocurrency-focused media outlet CoinKu on the 22nd (local time), Huaxing Capital entered into a strategic partnership with Easy Labs (formerly Binance Labs) and approved a plan to invest about $100 million in BNB going forward.
In particular, this plan is said to include the listing of BNB on regulated Hong Kong virtual asset exchanges, as well as support for Web3-based projects and the launch of real-world asset (RWA)-backed products.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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