OOB Token Debuts on Kraken Following VCIG’s US$100 Million Acquisition
Rhea-AI Summary
VCI Global (NASDAQ: VCIG) announced a US$100 million acquisition of OOB tokens and that OOB Token will debut on Kraken at 10:00 a.m. ET on November 12, 2025. The move is described as a milestone for VCI Global’s digital-treasury initiative, linking regulated capital markets with blockchain liquidity and real-world token utility.
The company says its treasury management role will provide institutional oversight of reserves, staking and burn mechanisms, and integration with OOBIT’s payment and reward platform. Strategic partners named include Tether, Kraken, Solana co-founder Anatoly Yakovenko, and CMCC Global.
Positive
- US$100 million acquisition of OOB tokens
- OOB listing on Kraken opening access to millions of users
- Tether strategic stake cited as liquidity and credibility support
- Treasury management framework for reserves, staking and burn
Negative
- Press release includes a cautionary note listing multiple risks to forecasts
- Forward-looking statements subject to uncertainties including profitability and competition
News Market Reaction
On the day this news was published, VCIG gained 30.00%, reflecting a significant positive market reaction. Argus tracked a peak move of +25.3% during that session. Argus tracked a trough of -23.6% from its starting point during tracking. Our momentum scanner triggered 28 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $11M at that time. Trading volume was very high at 3.3x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
VCI Global’s Treasury Management Framework Positions OOB as a Next-Generation Utility Token Bridging Real-World Payments and Institutional Trust
KUALA LUMPUR, Malaysia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that the OOB Token is set to debut on Kraken at 10 a.m. ET, following VCI Global’s US
“Listing on Kraken is a pivotal moment for OOBIT. With VCI Global managing the treasury and Tether as a strategic shareholder, we are bridging everyday token utility with institutional trust,” said Amram Adar, Founder and CEO of OOBIT.
“Kraken represents integrity and stability in the digital-asset market. OOB launch there signifies the maturity of our platform and ecosystem. We are proud to work with partners who share our commitment to governance and compliance,” said Moshe Schisser, Chairman of OOBIT.
VCI Global’s Treasury Management role ensures that OOB functions more than a tradable token. By providing institutional-grade oversight of token reserves, implementing staking and burn mechanisms with the proper controls on circulation, alongside integrating OOBIT’s payment and reward platform, the token proves tangible utility in both cross-border and everyday transactions. The Kraken listing also provides immediate access to millions of verified users globally, expanding liquidity and market reach.
OOB is positioned as a hybrid model integrating real-world payments, staking, and institutional trust - a combination rarely seen in digital assets. Strategic partners strengthen this position: Tether, with its major stake in OOBIT, provides liquidity and credibility; VCI Global ensures strong oversight; Kraken offers global access; additional ecosystem supporters include Solana Co-Founder Anatoly Yakovenko and CMCC Global.
“As Treasury Manager, VCI Global is committed to ensuring that OOB operates with transparency, liquidity, and measurable utility. Our oversight framework, combined with Kraken’s global reach and Tether’s strategic stake, positions OOB to deliver meaningful value to both users and investors,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
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.
By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company’s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” 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’s 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’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). 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.
CONTACT INFORMATION:
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VCI GLOBAL LIMITED
FAQ
What did VCIG announce about OOB Token on November 12, 2025?
How does VCIG plan to manage OOB Token reserves under its Treasury role?
What partners did VCIG name in the OOB Token initiative (VCIG ticker VCIG)?
Will the Kraken listing increase OOB Token liquidity for VCIG (VCIG)?
Does the announcement include investor risk warnings for VCIG shareholders?
