CR Holdings (01911) announced that on August 22, 2025, the company entered into a strategic cooperation memorandum with YZI Labs Management Ltd (YZi Labs) to establish a strategic cooperation framework supporting Binance Coin (BNB) and BNB Chain ecosystem applications, and to build a mutually empowering partnership. The company will leverage its financial expertise to empower the BNB Chain ecosystem while gaining investment banking, financial services, and superior investment opportunities in high-quality projects within the BNB Chain ecosystem, applying these opportunities to the company's core business development.
According to the memorandum, the company plans to cooperate with YZi Labs under the following framework:
(A) Company-led strategies: (i) BNB Special Allocation: The company will invest approximately $100 million in a special BNB asset allocation, aiming to become the first Hong Kong-listed company to include BNB in its dedicated digital asset allocation. Through this allocation, the company will also gain competitive returns and sustainable participation opportunities provided by the BNB ecosystem, further supporting the company's long-term development in financial services.
(ii) Promotion of Web3 ecosystem-related initiatives and facilitation of BNB listing arrangements on compliant exchanges: The company will collaborate with China Asset Management (Hong Kong) and other ecosystem partners to jointly develop fund products and Web3-related expansions, and promote the listing of BNB on licensed compliant virtual asset exchanges in Hong Kong.
(iii) Real World Assets (RWA) fund and BNB Chain ecosystem promotion: With YZi Labs' cooperation and support, the company will establish an RWA fund with a target size of several hundred million dollars and promote the adoption of BNB public chain by Hong Kong-listed companies in stablecoin and RWA-related application scenarios.
(B) YZi Labs-led strategies: BNB Strategic Consulting Services: YZi Labs will provide strategic, commercial, and ecosystem support and services to the company regarding the development, promotion, and implementation of the BNB ecosystem, including the following areas:
(a) Providing ecosystem resource project connections. YZi Labs can assist in recommending relevant third parties within the digital asset ecosystem, including but not limited to service providers (such as custodial institutions, validation nodes, market infrastructure suppliers), potential strategic partners, and core ecosystem participants. After recommending these third parties, the company can leverage its investment banking expertise and capital market operational capabilities to support suitable Web3 projects in entering global capital markets.
(b) Promoting brand and publicity support. YZi Labs can support the company's promotion of BNB-related ecosystem initiatives and, subject to applicable laws and YZi Labs' internal compliance policies, help promote the company's publicity and announcements through its official channels.
(c) Project connections and strategic collaboration. YZi Labs and the company will jointly determine other strategic initiatives or cooperation projects to achieve better development goals for the BNB Chain ecosystem.
(C) Other cooperation: YZi Labs and the company may engage in other collaboration models, such as jointly conducting brand and publicity activities in compliance with legal requirements.
YZi Labs is an investment institution focused on Web3, artificial intelligence, and biotechnology sectors. BNB is the native token of BNB Chain, which is one of the most widely used blockchains globally. BNB serves not only as fuel for transaction fees but also ensures network security through governance mechanisms while playing a core asset role connecting developers and applications, driving the development of the entire ecosystem.
The deep strategic cooperation between the company and YZi Labs aims to promote widespread adoption of the BNB ecosystem while helping the company capture core development opportunities within the BNB Chain ecosystem. This cooperation aligns with the company's strategic direction of actively expanding digital assets in its core businesses (investment banking, financial services, and investment).
Through this cooperation: (i) The company expects to become the world's first Hong Kong-listed company to include BNB in its proprietary digital asset allocation; (ii) The company will collaborate with China Asset Management (Hong Kong) and other ecosystem partners to promote fund products and Web3 ecosystem-related initiatives, and facilitate BNB listing on licensed compliant virtual asset exchanges in Hong Kong; (iii) The company will establish an RWA fund worth several hundred million dollars with YZi Labs' cooperation and assistance, promoting BNB implementation in stablecoin and RWA application scenarios for Hong Kong-listed enterprises; (iv) YZi Labs will provide strategic support to the company, including recommendations for high-quality ecosystem projects, brand and market support, and broader financial product design and capital market cooperation.
By combining the company's professional capabilities in finance with the resource advantages of the BNB Chain ecosystem, this cooperation will promote the company's empowerment of BNB Chain ecosystem growth and enable the company to capture investment banking, financial services, and optimal investment opportunities in high-quality ecosystem projects. Additionally, the company will benefit from revenue opportunities within the BNB Chain ecosystem, gaining visible and sustainable economic benefits.