Business
VCI Global Acquires US$100 Million in OOB Tokens and Is Appointed as Treasury Manager of OOB Foundation, in Partnership with OOBIT, Where Tether (USDT Issuer with US$183 Billion in Circulation) Is the Largest Shareholder
The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactionsKUALA LUMPUR,
About this update from Vci Global Limited
[{"type":"text","content":"The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactionsKUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced the acquisition of approximately US$100 million (book value) in OOB tokens and its appointment as Treasury Manager for the OOB digital-asset ecosystem, in which Tether Investment Limited (“Tether”) holds the largest ownership stake. Following the transaction, Tether, through its holdings in OOBIT, is expected to become the largest shareholder of VCI Global, alongside industry leaders including Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital. This strategic alignment positions VCIG at the center of a rapidly evolving digital-asset ecosystem and strengthens its connections with key global players in blockchain and fintech. Transaction Structure VCI Global acquired US$50 million worth of OOB tokens at a US$200 million market capitalization (US$0.20 per token) through the issuance of restricted shares to the OOB Foundation.An additional US$50 million in OOB tokens will be acquired through cash purchases on the secondary market following the token’s upcoming launch. About the OOB Token and OOBIT Platform The OOB token will serve as the utility and incentive token within OOBIT, a next-generation digital payments and remittance platform that integrates blockchain technology into everyday financial activity. Its key capabilities include: Tap-to-pay crypto transactions across merchant POS systemsLow-cost cross-border remittances with near-instant settlementLoyalty and rewards powered by OOB token utilityMulti-chain interoperability bridging traditional finance and decentralized ecosystems “This development reinforces our long-term commitment to building a cross-sector platform that advances technology, AI, digital assets, and industry applications through the capital markets. We aim to create sustainable value by bridging innovation with real-world growth,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. “We are not simply completing a digital-asset transaction. VCIG is a well-rounded platform advancing multiple sectors, from AI to finance to infrastructure. This combination presents tremendous pot...