Core Insights - VCI Global Limited has acquired approximately 4 million additional OOB tokens as part of its US$50 million secondary-market purchase program, enhancing its total holdings to approximately 254.2 million tokens, making it the largest single token holder in the OOB ecosystem [1][2] - The acquisition reflects VCI Global's confidence in the growing stablecoin-driven payments landscape and the strategic importance of the Oobit ecosystem, which connects USDT and future stable assets to real-world merchant acceptance [2][3] - The OOB token is positioned for long-term appreciation, supported by the increasing global use of USDT, which has surpassed US$12 trillion in annual settlement, indicating a strong market for stablecoin transactions [4][6] Company Strategy - VCI Global's structured treasury-accumulation strategy aims to progressively reduce circulating supply and enhance institutional liquidity depth, laying the groundwork for potential asymmetric upside [5] - The company is focused on building a strategically aligned digital-asset treasury, with a commitment to integrating technology innovation within financial ecosystems to capture opportunities in the evolving digital economy [8] Market Context - The rapid global adoption of Tether's USDT has established it as the dominant digital settlement currency, with Oobit serving as a gateway for stablecoin spending and merchant acceptance [3][4] - The transaction volume of USDT in 2023 has exceeded US$12 trillion, surpassing traditional payment networks like Visa and Mastercard, highlighting the growing significance of stablecoins in the financial landscape [8]

Core Insights - Tether is set to become the largest shareholder of VCI Global (VCIG) after a $100 million OOB token digital-asset-treasury transaction [1] - Tether has a market capitalization of approximately $180 billion and holds tens of billions in U.S. Treasury bills and cash equivalents [1] - VCIG plans to integrate the OOB token into its $100 million digital-treasury initiative to support future projects in AI, fintech, and blockchain [1]

VCI Global buys $100 million in OOB token; Tether becomes largest shareholder https://t.co/rr3uUqykYS ...

Core Insights - VCI Global Limited has acquired approximately US$100 million in OOB tokens and has been appointed as Treasury Manager for the OOB digital-asset ecosystem, which is primarily owned by Tether Investment Limited [1][2] - The acquisition positions VCI Global as a significant player in the digital-asset ecosystem, enhancing its relationships with key industry leaders [2] - The OOB token will function as a utility and incentive token within the OOBIT platform, which aims to integrate blockchain technology into everyday financial activities [3][5] Company Overview - VCI Global is focused on developing cross-sector platforms that leverage technology, AI, digital assets, and capital markets to create sustainable value [3][4] - The company aims to build scalable platforms that enhance resilience, efficiency, and long-term value across various high-growth sectors [8] Transaction Details - VCI Global acquired US$50 million worth of OOB tokens at a market capitalization of US$200 million (US$0.20 per token) through restricted shares issued to the OOB Foundation, with plans to acquire an additional US$50 million through cash purchases post-launch [5] - The transaction structure includes the establishment of VCI Global's Digital Treasury Division to manage digital-asset initiatives and integrate token utility into its AI, fintech, and data platforms [7] OOB Token and OOBIT Platform Features - The OOB token will enable tap-to-pay crypto transactions, low-cost cross-border remittances, loyalty rewards, and multi-chain interoperability [6] - The platform aims to bridge traditional finance with decentralized ecosystems, enhancing the utility of the OOB token [6]