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$100 million (book value) in OOB tokens and its appointment as Treasury Manager for the OOB digital-asset ecosystem, in which Tether Investment Limited ("Tether") holds the largest ownership stake.

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