- VCI Global secures approximately US$100 million in OOB tokens.
- Tether emerges as the largest shareholder via its OOBIT holdings.
- VCI is appointed Treasury Manager for the OOB ecosystem.
- The deal enhances VCIG’s role in blockchain and fintech innovation.
VCI Global Limited has confirmed its acquisition of approximately US$100 million in OOB tokens. It has also been appointed Treasury Manager for the OOB digital-asset ecosystem. The deal strengthens its partnership with Tether Investment Limited, which holds the largest stake in OOB. This transaction signals a major step in VCI’s long-term digital asset strategy and strengthens its position among top blockchain players.
Tether, through its OOBIT investment, has become the largest shareholder in VCI Global, alongside Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital. The alliance marks a significant move toward building a comprehensive digital ecosystem that merges fintech, payments, and blockchain innovation.
Also Read: DeFi Founder Builds Lighter, Raises $68M to Expand Crypto Trading
Transaction Structure and Token Allocation
The transaction involves two stages. In the first stage, VCI Global acquired US$50 million in OOB tokens at a US$200 million market capitalization. The tokens were priced at US$0.20 each and issued via restricted shares to the OOB Foundation.
The second stage will be part of the acquisition involving the purchase of an extra 50 million OOB tokens with cash in the secondary market following the launch of the OOB token. The well-planned purchase will immediately position VCI favorably within the OOB network and enable the company to effectively handle various assets as the new Treasury Manager.
VCI Global Integrates OOB Token Into Platforms
The OOB token is the utility asset that fuels the next-generation digital payment and remittance solution, OOBIT. The utility asset enables several financial features, including tap-to-pay crypto transactions, low-cost global money transfers, and instantaneous settlement, and other functions as loyalty rewards and a multi-chain interoperability layer that connects traditional and decentralized systems.
The partnership involves more than managing tokens. VCI has a vision to incorporate the OOB token into its fintech and AI-enabled platforms, creating various dimensions of digitized efficiency and connectivity.
Following the token’s launch, the final purchase payment worth US$50 million will be completed by the company, VCI Global, as announced. The company will create a ‘Digital Treasury Division,’ focusing on the management of digital assets, and incorporating OOB token features into their Artificial Intelligence, Fintech, and Sovereign Data Systems.
Also Read: $1 Billion XRP Treasury by Evernorth Marks Major Leap for Institutional Adoption
