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

Insights

Digital-asset treasury strategist

VCI Global's US$100 million acquisition and Kraken listing materially increase OOB's institutional liquidity and public access.

VCI Global acquired US$100 million of OOB and will manage its treasury while the token lists on Kraken at 10 a.m. ET on November 12, 2025. This creates a direct link between regulated capital and on‑exchange liquidity, and it pairs token reserves with operational features like staking and burns.

Key dependencies include the effectiveness of VCI Global’s oversight framework, the implementation of staking and burn controls, and continued strategic support from large holders such as Tether. Each factor must operate as described to preserve liquidity and utility.

Watch near-term liquidity and listing activity on Kraken, any disclosures about reserve controls or governance, and operational rollouts of the payment/reward platform over the next 3–12 months. These milestones will show whether the announced acquisition and treasury role translate into measurable market access and token utility.

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$100 million acquisition of OOB tokens. The listing marks a key milestone in VCIG’s digital-treasury initiative, connecting regulated capital markets with blockchain liquidity and real-world token utility.

“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:

For media queries, please contact:

VCI GLOBAL LIMITED

enquiries@v-capital.co

FAQ

What did VCIG announce about OOB Token on November 12, 2025?

VCIG announced a US$100 million acquisition of OOB tokens and that OOB will list on Kraken at 10:00 a.m. ET Nov 12, 2025.

How does VCIG plan to manage OOB Token reserves under its Treasury role?

VCIG said it will provide institutional-grade oversight, implement staking and burn mechanisms, and control circulation.

What partners did VCIG name in the OOB Token initiative (VCIG ticker VCIG)?

Named partners include Tether, Kraken, Solana co-founder Anatoly Yakovenko, and CMCC Global.

Will the Kraken listing increase OOB Token liquidity for VCIG (VCIG)?

The company said the Kraken listing provides immediate access to millions of verified users, expanding liquidity and market reach.

Does the announcement include investor risk warnings for VCIG shareholders?

Yes. The release contains a cautionary note stating forward-looking statements are subject to various risks and uncertainties.