VCI Global Limited (NASDAQ: VCIG) said today it has acquired approximately US$100 million (book value) in OOB tokens and has been appointed Treasury Manager for the Oobit (“OOB”) digital‑asset ecosystem, where Tether Investment Limited holds the largest stake. The company added that, following the transaction, Tether is expected to become VCI Global’s largest shareholder, alongside other prominent investors. [1]
Key takeaways
- $100M OOB token allocation: VCIG acquired ~$50M via restricted shares to the OOB Foundation and plans another ~$50M in cash purchases on the secondary market after OOB’s token launch. [2]
- Treasury mandate: VCIG will manage OOB’s token treasury across the ecosystem. [3]
- Cap table shift:Tether—through its Oobit holdings—is expected to become VCIG’s largest shareholder, joining backers that include Solana co‑founder Anatoly Yakovenko, CMCC Global, and 468 Capital. [4]
- Utility focus: The OOB token is slated to power tap‑to‑pay crypto transactions, low‑cost cross‑border remittances, and loyalty rewards within the Oobit payments app. [5]
What happened today
In a morning news release, VCI Global detailed a strategic agreement that combines a sizable token position with an operational role at the core of Oobit’s treasury function. The move places VCIG inside a payments‑centric crypto network with a stablecoin heavyweight as a key partner. [6]
Deal structure, at a glance
- Initial tranche: ~$50 million in OOB at a US$200 million fully diluted token valuation (US$0.20 per token) via restricted shares issued to the OOB Foundation.
- Second tranche: An additional $50 million in OOB to be bought for cash on the secondary market after token launch.
These mechanics were outlined by the company and echoed in third‑party briefs this morning. [7]
Why it matters for VCIG
VCIG frames the deal as a way to embed digital‑asset rails into its platform strategy spanning AI, fintech, and sovereign data. As Treasury Manager, the company will sit at a pivotal point for token supply, liquidity, and incentive design—levers that can influence ecosystem growth and potential monetization avenues for VCIG’s broader product stack. [8]
Inside the OOBIT ecosystem
Per today’s announcement, OOB serves as the utility and incentive token for Oobit—described as a next‑generation payments and remittance platform. Proposed features include tap‑to‑pay across merchant POS systems, near‑instant, low‑cost remittances, loyalty rewards, and multi‑chain interoperability bridging TradFi and DeFi. [9]
Market reaction
Before the opening bell, VCIG appeared on pre‑market gainers/volatility screens, reflecting brisk early trading interest following the announcement. Intraday moves can be extreme on small‑cap news; traders should confirm real‑time quotes with their broker. [10]
Context: deal fits an October capital raise
The news lands less than two weeks after VCIG entered a $5 million registered direct offering priced at $1.80 per share, with proceeds earmarked for general corporate purposes. That financing provides additional balance‑sheet flexibility as the company leans into digital‑treasury operations. [11]
What to watch next
VCIG listed three near‑term steps tied to today’s move:
- Complete the remaining $50M cash purchase of OOB following launch;
- Stand up a Digital Treasury Division to oversee the program;
- Integrate OOB utility into VCIG’s AI, fintech, and sovereign data platforms. Third‑party briefs reiterate the same timeline. [12]
Company snapshot
VCI Global Limited (NASDAQ: VCIG) describes itself as a cross‑sector platform builder spanning AI, encrypted data infrastructure, digital treasury systems, and capital‑markets solutions, with a focus on scalable platforms for enterprise and public‑sector clients. [13]
Editorial note
This article focuses on developments dated November 11, 2025. Many statements provided by VCI Global are forward‑looking and subject to risks and uncertainties; readers should review the company’s cautionary language and SEC filings before making investment decisions. [14]
Sources:
Primary press release and company materials; corroborating coverage from StreetInsider, The Fly/TipRanks, and RTTNews for market context. [15]
Disclosure: This is market news and analysis for informational purposes only; it is not investment advice.
References
1. www.globenewswire.com, 2. www.globenewswire.com, 3. www.globenewswire.com, 4. www.globenewswire.com, 5. www.globenewswire.com, 6. www.globenewswire.com, 7. www.streetinsider.com, 8. www.globenewswire.com, 9. www.globenewswire.com, 10. www.rttnews.com, 11. www.globenewswire.com, 12. www.tipranks.com, 13. www.globenewswire.com, 14. www.globenewswire.com, 15. www.globenewswire.com
