Treasure Global Accelerates Launch of OXI Wallet, Secures First Corporate Client, and Eyes 100x Growth

Rhea-AI Summary

Treasure Global (NASDAQ: TGL) accelerated the launch of its OXI wallet to December 2025, secured its first corporate client, and outlined rapid growth targets.

Legacy Trustee Berhad purchased 1,000 Visa cards, generating USD 120,000 in confirmed revenue; including recurring fees the company projects first-year revenue >USD 1 million. Management targets 100,000 users in year one and says that scale could produce more than USD 100 million in revenue (a 100x scenario).

Treasure Global entered heads of terms to acquire 51% of Quarters Elite Advisory, which manages approximately USD 150 million in client assets and a network of >350 consultants and ~3,000 clients, intended to aid distribution and corporate onboarding.

Positive

• Confirmed revenue of USD 120,000 from card sales
• Targeting 100,000 users in first year
• Quarters Elite manages ~USD 150M in client assets
• First-year revenue projection above USD 1M

Negative

• Initial revenue currently tied to a single corporate client
• OXI 100x revenue projection depends on 100,000 users
• Proposed 51% acquisition is at heads of terms, not completed

Key Figures

Visa card revenue USD 120,000 Confirmed revenue from 1,000 OXI wallet Visa cards

Client first-year revenue USD 1 million+ Projected first-year revenue from Legacy Trustee Berhad users

Visa cards purchased 1,000 cards Initial corporate order from Legacy Trustee Berhad

Target OXI users 100,000 users OXI wallet onboarding target by end of first year

OXI first-year revenue potential USD 100 million+ Target total revenue if 100,000 users onboarded

Quarters Elite stake 51% equity interest Proposed acquisition stake in Quarters Elite Advisory

Quarters Elite AUM USD 150 million Client assets managed by Quarters Elite

Advisor and client base 350+ consultants; ~3,000 clients Quarters Elite distribution network size

Market Reality Check

$15.72 Last Close

Volume Volume 3,536,756 vs 20-day average 1,862,588 (relative volume 1.9x) shows elevated trading ahead of/around this news. high

Technical Shares traded below the 200-day MA, with price at 15.72 versus 200-day MA of 38.09, indicating a weak longer-term trend pre-announcement.

Peers on Argus

TGL was down 20.53% while peers showed mixed moves: AUUD up 3.21%, ULY down 7.14%, QH down 6.45%, SOPA flat, MYSZ slightly down 0.66%. The lack of a consistent direction across peers points to stock-specific factors rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 08	Revenue outlook update	Positive	-22.3%	Raised 2026 revenue target to about USD 3.0M and highlighted fintech drivers.
Dec 03	Reverse stock split	Neutral	-34.8%	1-for-20 reverse split to support Nasdaq minimum bid price compliance.
Dec 01	Growth projection	Positive	-20.9%	Projected >500% 2026 revenue growth driven by OXI wallet and UNIRWA.
Nov 20	Acquisition	Positive	-6.0%	Acquisition of Quarters Elite to distribute OXI wallet and tap USD 150M AUM.
Nov 14	Shareholder lock-up	Positive	+0.2%	12‑month lock-up on over 51% of shares to support strategic execution.

Pattern Detected

Recent positive strategic and growth announcements often coincided with negative price reactions, while governance/lock-up news saw a flat to slightly positive response.

Recent Company History

Over the last month, TGL outlined aggressive fintech and digital asset growth plans, including projected 500%–1,500% revenue expansion for 2026 and commercialization of OXI wallet and the UNIRWA token initiative. It completed a 1-for-20 reverse stock split effective Dec 5, 2025 and announced a 12‑month lock-up covering over 51% of shares. The company also acquired Quarters Elite, managing about USD 150 million in client assets, to support OXI wallet distribution. Today’s accelerated OXI wallet launch and first corporate client build directly on these previously disclosed growth and distribution plans.

Market Pulse Summary

The stock is dropping -35.8% following this news. A negative reaction despite concrete milestones fits a pattern where prior upbeat growth and acquisition news coincided with selling, including drops of over 20% after earlier OXI- and revenue-related announcements. The market may have focused on execution risk around ambitious targets like 100,000 users and >USD 100 million revenue, or on broader balance-sheet and capital-raising considerations previously highlighted in SEC filings and the recent reverse stock split.

Key Terms

digital asset platform technical

"OXI wallet, its next-generation digital asset platform, ahead of the originally"

A digital asset platform is an online system that allows users to buy, sell, store, and manage digital assets such as cryptocurrencies or digital tokens. It functions like a digital marketplace or wallet, providing a secure space for investors to access and handle their digital investments. These platforms are important because they simplify trading and managing digital assets, making it easier for people to participate in the growing digital economy.

kyc regulatory

"and adheres to international KYC and anti-money laundering (AML) standards."

KYC (Know Your Customer) is the routine of checks and questions that financial firms use to confirm who a client is, understand their financial profile, and spot risky or illegal activity. It matters to investors because it helps prevent fraud and money laundering, ensures companies follow the law, and protects the integrity of markets—think of it like an identity and background check a bank or airport runs before allowing access.

asset tokenization technical

"future opportunities in payments, asset tokenization, staking products,"

Asset tokenization is the process of converting ownership rights of a physical or financial asset into digital tokens on a blockchain or similar technology. This allows investors to buy, sell, or trade fractions of the asset more easily and quickly, much like dividing a property or artwork into smaller pieces that can be owned separately. It matters to investors because it can increase access, reduce costs, and improve liquidity for a wide range of assets.

AI-generated analysis. Not financial advice.

Legacy Trustee Berhad purchases 1,000 Visa cards as TGL accelerates rollout and targets 100x growth, potentially exceeding USD 100 million in first-year revenue

KUALA LUMPUR, Malaysia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced the accelerated release of OXI wallet, its next-generation digital asset platform, ahead of the originally planned 1H 2026 launch schedule. The Company has secured its first corporate client, Legacy Trustee Berhad, which has purchased 1,000 Visa cards, generating USD 120,000 in confirmed revenue from the card sales. Combined with recurring transaction fees from these users, first-year revenue is projected to exceed USD 1 million.

With this momentum, OXI wallet is targeting 100,000 users onboarded by the end of the first year, which could generate more than USD 100 million in total revenue, representing a 100x growth potential.

As part of its growth strategy, Treasure Global has entered into heads of terms for the proposed acquisition of a 51% equity interest in Quarters Elite Advisory Sdn. Bhd. (“Quarters Elite”), a Malaysian financial advisory organization managing approximately USD 150 million in client assets. With a network of over 350 professional consultants serving nearly 3,000 clients, Quarters Elite is expected to provide a powerful distribution channel for OXI wallet, improving market penetration and accelerating corporate client onboarding.

“Leveraging the combined reach of Legacy Trustee Berhad and Quarters Elite’s advisor network, Treasure Global aims to onboard 100,000 OXI wallet users by year-end, generating substantial revenue potential,” said Eugene, Product Manager of OXI wallet.

“Launching OXI wallet ahead of schedule and securing our first corporate client marks a major step forward for Treasure Global,” said Carlson Thow, CEO of Treasure Global. “With the proposed acquisition of Quarters Elite, we gain immediate access to a strong nationwide distribution network that positions us to scale faster than anticipated and unlock additional corporate opportunities.”

OXI wallet supports major blockchain networks, including Binance, Ethereum, TRON, and Solana, and adheres to international KYC and anti-money laundering (AML) standards. The platform also features an AI-powered portfolio assistant that offers personalized, data-driven insights while allowing users to maintain full control over their assets. This feature will be rolled out progressively in selected markets, subject to local regulatory requirements.

Treasure Global expects OXI wallet to play a meaningful role in the Company’s long-term digital asset strategy, contributing to future opportunities in payments, asset tokenization, staking products, and broader blockchain-enabled financial services. The early launch and strategic partnerships position the Company to capture growing market demand as digital assets mature into mainstream financial infrastructure.

About Treasure Global:
Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of June 2025, ZCITY has attracted over 2.7 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.

Visit treasureglobal.org for more information.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.

Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. Additional risks include volatility in digital asset markets, potential vulnerabilities in custodial security, and evolving global and domestic regulatory frameworks applicable to blockchain technologies. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.

The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

CONTACT
Investor and media contact:
Investor Relations Team
Treasure Global
ir_us@treasureglobal.org

FAQ

What revenue did Treasure Global (TGL) report from Legacy Trustee Berhad on Dec 10, 2025?

Legacy Trustee Berhad purchased 1,000 Visa cards, producing USD 120,000 in confirmed revenue.

What is TGL's first-year revenue projection for OXI wallet after the Dec 10, 2025 announcement?

The company projects first-year revenue >USD 1 million from initial card sales and fees, and cites a potential to exceed USD 100 million at scale.

What user growth target did Treasure Global set for OXI wallet in 2026?

Management targets onboarding 100,000 users by the end of the first year.

What are the terms of Treasure Global's proposed deal with Quarters Elite mentioned Dec 10, 2025?

Treasure Global entered heads of terms to acquire a 51% equity interest in Quarters Elite Advisory.

How large is Quarters Elite's client network and assets as reported by TGL?

Quarters Elite manages approximately USD 150 million in client assets and has >350 consultants serving ~3,000 clients.

Which blockchains will OXI wallet support at launch according to the Dec 10, 2025 news?

OXI wallet supports Binance, Ethereum, TRON, and Solana, and complies with international KYC/AML standards.