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
Rhea-AI Summary
VCI Global (NASDAQ: VCIG) announced on November 11, 2025 the acquisition of approximately US$100 million in OOB tokens and its appointment as Treasury Manager of the OOB Foundation.
Transaction details: US$50 million of tokens were acquired via issuance of restricted shares at a US$200 million token market capitalization (US$0.20 per token); a further US$50 million will be bought with cash on the secondary market after token launch. The company plans a Digital Treasury Division and to integrate token utility into its AI, fintech, and data platforms.
Positive
- Acquired US$100M in OOB tokens
- Issued shares to buy US$50M at $0.20/token (US$200M market cap)
- Appointed Treasury Manager of OOB Foundation
- Plans to form a Digital Treasury Division to manage digital assets
Negative
- Additional US$50M cash purchase remains conditional on token launch
- Share issuance for the US$50M purchase could dilute existing shareholders
News Market Reaction
On the day this news was published, VCIG declined 26.55%, reflecting a significant negative market reaction. Argus tracked a peak move of +72.0% during that session. Argus tracked a trough of -20.7% from its starting point during tracking. Our momentum scanner triggered 56 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $12M at that time. Trading volume was very high at 4.8x the daily average, suggesting heavy selling pressure.
Data tracked by StockTitan Argus on the day of publication.
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) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced the acquisition of approximately US
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.
Transaction Structure
- 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. - An additional US
$50 million in OOB tokens will be acquired through cash purchases on the secondary market following the token’s upcoming launch.
About the OOB Token and OOBIT Platform
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.
Its key capabilities include:
- Tap-to-pay crypto transactions across merchant POS systems
- Low-cost cross-border remittances with near-instant settlement
- Loyalty and rewards powered by OOB token utility
- Multi-chain interoperability bridging traditional finance and decentralized ecosystems
“This 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,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
“We 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,” said Moshe Schisser, Chairman of OOBIT.
Next Steps
- Completion of the remaining US
$50 million cash-based OOB token purchase following launch; - Establishment of VCI Global’s Digital Treasury Division to manage digital-asset initiatives; and
- Integration of token utility into VCI Global’s AI, fintech, and sovereign data platforms.
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 November 11, 2025 regarding OOB tokens?
How was the initial US$50M OOB token purchase structured by VCIG (VCIG)?
When will VCIG complete the remaining US$50M OOB token purchase?
What shareholder impact did VCIG disclose from the OOB transaction (VCIG)?
How will VCIG use OOB token utility across its business after the November 11, 2025 deal?
