Tether-Backed OOBIT Token Trading Live on Kraken; VCI Global Reports US$109.8 Million Unrealized Gain from Initial US$50 Million Digital-Treasury Deployment

Rhea-AI Summary

VCI Global (NASDAQ: VCIG) announced on Nov 13, 2025 that it acquired 250 million OOB tokens at $0.20 per token under a $100 million digital‑treasury framework, spending $50 million. As of 12:00 a.m. ET the OOB token traded on Kraken at approximately $0.64, implying an unrealized gain of $109.8 million on VCIG’s holdings.

The company said it was appointed Treasury Manager of the OOB Foundation, highlighted OOBIT’s payments use case and noted Tether backing for OOBIT. VCIG described the allocation model as designed for liquidity, transparency, and regulatory alignment.

Positive

• Acquired 250M OOB tokens for $50M
• OOB trading on Kraken with price ~$0.64
• Recorded an unrealized gain of $109.8M
• Named Treasury Manager of the OOB Foundation

Negative

• Unrealized gain of $109.8M remains mark-to-market and is subject to price volatility
• Digital-treasury allocation concentrates crypto exposure within the company portfolio

Insights

Digital Treasury Strategist

VCIG reports a substantial unrealized gain after OOB token listing on Kraken, signaling a positive mark for its digital-treasury strategy.

VCI Global acquired US$50 million worth of OOB tokens (250 million tokens at US$0.20 each) under a US$100 million digital-treasury framework and notes the OOB token began trading on Kraken at about US$0.64, producing an unrealized gain of US$109.8 million.

The business mechanism is straightforward: the company allocated a fixed treasury tranche to a utility token and realized a marked-to-market uplift when the token listed; this increases reported net asset value from the disclosed holdings while maintaining liquidity via exchange trading. Key dependencies and risks include continued price support on secondary markets, the credibility of the token’s backers as described, and the company’s ability to manage accounting, custody, and regulatory requirements tied to digital-asset treasury holdings.

Watch for concrete, monitorable items: any formal disclosures of realized gains or sales, updated treasury allocation amounts within the Nov 13, 2025 filing cycle, and Kraken volume/price stability for OOB over subsequent reporting periods. Expect the nearest material updates when the company files periodic reports or announces further treasury actions.

VCIG Acquired 250 Million OOB Tokens at US$0.20 Per Token Under Its US$100 Million Digital-Treasury Framework. As of 12.00 A.M. ET, OOB Traded at Approximately US$640 Million Fully Diluted Valuation on Kraken

KUALA LUMPUR, Malaysia, Nov. 13, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that the OOB token is now trading on Kraken, one of the world’s longest-standing and fully regulated digital-asset exchanges.

This announcement builds on VCI Global’s earlier disclosures regarding its US$100 million digital treasury allocation and its strategic partnership with OOBIT, under which VCI Global was appointed as the Treasury Manager of the OOB Foundation.

Under the framework, VCI Global acquired 250 million OOB Tokens for US$50 million (US$0.20 per token). As of 12:00 a.m. Eastern Time, the OOB Token was trading at approximately US$0.64 on Kraken, representing an unrealized gain of US$109.8 million on VCI Global’s holdings.

VCI Global’s acquisition reflects a deliberate pivot toward embedding digital assets in corporate treasury management as part of a broader institutional adoption trend. The Company’s structured allocation model is designed to capture upside potential while maintaining liquidity, transparency, and regulatory alignment. As noted in VCIG’s previous announcements, the Company’s digital treasury strategy is positioned to scale in tandem with the growing adoption of blockchain-enabled payment technologies.

“VCIG’s investment in OOB demonstrates that utility tokens with real-world usage and institutional-grade oversight are maturing into strategic treasury assets. We are executing on a disciplined allocation model focused on long-term value creation for shareholders,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

OOBIT delivers a decentralized payments ecosystem enabling instant cross-border settlement and multi-chain interoperability. Backed by Tether Investment Limited (“Tether”), the issuer of the USDT stablecoin, OOBIT is integrating crypto payments into everyday commerce while maintaining institutional compliance and audit standards. The OOB Token’s trading debut on Kraken highlights growing market confidence in OOBIT’s model and technology.

“The strong early performance of OOB on Kraken reflects the growing confidence in utility tokens backed by real products and institutional transparency. Together with VCI Global’s treasury partnership, OOBIT is expanding crypto payments into everyday life,” said Amram Adar, Founder and CEO of OOBIT.

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 on Nov 13, 2025 about OOB token holdings?

VCIG acquired 250 million OOB tokens for $50 million under a $100M digital‑treasury framework and was named Treasury Manager.

How much unrealized gain did VCIG report on its OOB holdings (VCIG)?

As of 12:00 a.m. ET Nov 13, 2025, VCIG reported an unrealized gain of $109.8M based on an OOB price of ~$0.64 on Kraken.

When did OOB start trading on Kraken and why does it matter for VCIG (VCIG)?

OOB began trading on Kraken before 12:00 a.m. ET Nov 13, 2025; the Kraken listing provided a public market price used to value VCIG’s digital‑treasury holding.

What is OOBIT’s backing and payment use case referenced by VCIG (VCIG)?

VCIG noted OOBIT is backed by Tether and described OOBIT as a decentralized payments ecosystem for instant cross‑border settlement and multi‑chain interoperability.

How does VCIG describe its digital‑treasury strategy (VCIG)?

VCIG said the allocation is a structured model to capture upside while maintaining liquidity, transparency, and regulatory alignment.