{"id":908357,"date":"2025-11-11T08:02:31","date_gmt":"2025-11-11T13:02:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/"},"modified":"2025-11-11T08:02:31","modified_gmt":"2025-11-11T13:02:31","slug":"vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/","title":{"rendered":"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"},"content":{"rendered":"<h2>\nThe OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactions<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">KUALA LUMPUR, Malaysia, Nov.  11, 2025  (GLOBE NEWSWIRE) &#8212; VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d or the \u201cCompany\u201d) 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 (\u201cTether\u201d) holds the largest ownership stake.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">Transaction Structure<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt;text-align:justify\">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.<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">An additional US$50 million in OOB tokens will be acquired through cash purchases on the secondary market following the token\u2019s upcoming launch.\n<\/li>\n<\/ul>\n<p align=\"justify\">About the OOB Token and OOBIT Platform<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">Its key capabilities include:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt;text-align:justify\">Tap-to-pay crypto transactions across merchant POS systems<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Low-cost cross-border remittances with near-instant settlement<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Loyalty and rewards powered by OOB token utility<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Multi-chain interoperability bridging traditional finance and decentralized ecosystems\n<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThis 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,\u201d said Dato\u2019 Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.<\/p>\n<p align=\"justify\">\u201cWe 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 potential to accelerate growth and expand the real-world utility of our ecosystem,\u201d said Moshe Schisser, Chairman of OOBIT.<\/p>\n<p align=\"justify\">Next Steps<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt;text-align:justify\">Completion of the remaining US$50 million cash-based OOB token purchase following launch;<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Establishment of VCI Global\u2019s Digital Treasury Division to manage digital-asset initiatives; and<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Integration of token utility into VCI Global\u2019s AI, fintech, and sovereign data platforms.\n<\/li>\n<\/ul>\n<p>About VCI Global Limited<\/p>\n<p align=\"justify\">VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions.<\/p>\n<p align=\"justify\">By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company\u2019s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.<\/p>\n<p align=\"justify\">For more information on the Company, please log on to https:\/\/v-capital.co\/.<\/p>\n<p align=\"justify\">Cautionary Note Regarding Forward-Looking Statements<\/p>\n<p align=\"justify\">This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company\u2019s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words \u201cintends,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cestimates,\u201d \u201caims,\u201d \u201cbelieves,\u201d \u201chopes,\u201d \u201cpotential\u201d or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company\u2019s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company\u2019s products and the Company\u2019s customers\u2019 economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company\u2019s filings with the United States Securities and Exchange Commission (\u201cSEC\u201d). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.<\/p>\n<p>CONTACT INFORMATION:<\/p>\n<p>For media queries, please contact:<\/p>\n<p>VCI GLOBAL LIMITED<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aIEeCuImo1MkrW-M8G5j01u0o8SvgqoZjxamI-GA_NvoXJRH9G5HW2Ul3QM3R-gSyypENqKmz0-BpD2jxME21LT5yLQy7Cw0RCgjPs4dUuI=\" rel=\"nofollow\" target=\"_blank\">enquiries@v-capital.co<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3MzIxMiM3MjU2ODk0IzIyNTg4Mzg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MjU4N2Q1ZjgtZDc2NC00MzRjLTliNzktYmVlMjA3YzhhMGVjLTEyNzAzODctMjAyNS0xMS0xMS1lbg==\/tiny\/VCI-Global-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactions KUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) &#8212; VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d or the \u201cCompany\u201d) 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 (\u201cTether\u201d) 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;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&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-908357","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>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 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactions KUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) &#8212; VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d or the \u201cCompany\u201d) 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 (\u201cTether\u201d) 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 &hellip; Continue reading &quot;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&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-11T13:02:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3MzIxMiM3MjU2ODk0IzIyNTg4Mzg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"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\",\"datePublished\":\"2025-11-11T13:02:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\\\/\"},\"wordCount\":796,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTU3MzIxMiM3MjU2ODk0IzIyNTg4Mzg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\\\/\",\"name\":\"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 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/","og_locale":"en_US","og_type":"article","og_title":"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 - Market Newsdesk","og_description":"The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactions KUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) &#8212; VCI Global Limited (NASDAQ: VCIG) (\u201cVCI Global\u201d or the \u201cCompany\u201d) 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 (\u201cTether\u201d) 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 &hellip; Continue reading \"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\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/","og_site_name":"Market Newsdesk","article_published_time":"2025-11-11T13:02:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3MzIxMiM3MjU2ODk0IzIyNTg4Mzg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"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","datePublished":"2025-11-11T13:02:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/"},"wordCount":796,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU3MzIxMiM3MjU2ODk0IzIyNTg4Mzg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/vci-global-acquires-us100-million-in-oob-tokens-and-is-appointed-as-treasury-manager-of-oob-foundation-in-partnership-with-oobit-where-tether-usdt-issuer-with-us183-billion-in-circulation-is-the\/","name":"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 - 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