Huaxing Capital made a big deal! US$100 million invested in BNB. with a price soaring 4.1%. with a market value of over US$120 billion!

Huaxing Capital is listed in Hong Kong. As a large investment bank, it has taken an important step into the digital asset field, injecting US$100 million into Binance Coin (BNB)! The deal makes it the first financial institution in Hong Kong to include BNB directly on its balance sheet. The bank signed an agreement with venture capital firm YZi Labs to establish regulated channels for BNB within the region. Huaxing Capital is committed to listing BNB on a licensed exchange in Hong Kong and creating compliant institutional-grade fund products linked to the asset. By holding BNB directly, the bank can enjoy the utility of the token, such as transaction fees and governance. YZi Labs will also connect Huaxing Capital with audited infrastructure providers and hosting services networks. The bank plans to work with other Hong Kong listed companies to develop BNB-based applications, including stablecoin integration and traditional asset tokenization. The program aims to expand BNB's financial use cases and looks forward to partners helping to introduce BNB-based products into traditional investment channels. This is consistent with the growth trend adopted by institutions, similar to the price performance of BNB's first day of launch in the RAKBANK application in the UAE. As of the time of writing, BNB's trading price was US$888.63, a daily increase of 4.1%, and its market value rose to US$123.77 billion. Trading volume jumped 40.28% to US$3.65 billion, reflecting the increase in trading activity of the asset. Price trends show that BNB broke through to a high of $899.8 from around $849, and bulls celebrated a record of breaking through the all-time high of $881. Technical indicators also remained positive, with RSI of 64.21 and the MACD line up, indicating that the momentum continued. Analysts pointed out that BNB holds support above $860, which may lay the foundation for testing the resistance level of $920-950. Pay attention to BNB price trends and the construction of institutional capital bridges to learn more about the latest developments in the digital asset field!