VCI Global announced that it aims to acquire $100 million worth of OOB tokens. This digital asset, connected to OOBit’s payment network, aims to expand the company’s digital financing capacity. Key Points:
- VCI Global plans to acquire a $100 million portion of OOB tokens through OOBit.
- With this transaction, Tether will become VCI Global’s largest shareholder.
- The company aims to establish a digital treasury division and integrate OOB tokens into artificial intelligence and financial technology platforms.
According to the company’s statement, VCI Global has currently acquired $50 million worth of OOB tokens by issuing limited shares to the OOB Foundation, and plans to make an additional purchase of $50 million when the token is publicly listed.
New Investment Strategy with OOBit and Tether Partnership
Among the founders and supporters of OOBit are names such as Tether, Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital. Tether is expected to be the largest shareholder of VCI Global in this process. “This is not just an agreement limited to digital assets,” said Moshe Schisser, President of Oobit, emphasizing that it is a significant step to support the real-world usage and growth of the ecosystem.
Following the acquisition, VCI Global plans to establish a digital treasury unit to manage its crypto assets and to integrate OOB tokens into AI, fintech, and sovereign data platforms. This move is considered a noteworthy milestone in the company’s current focus on digital asset markets. On the other hand, the transition from OOB tokens from OBT to OOB and from Ethereum to Solana is in its final stage; the official launch will occur on November 12. The token will enable users to spend digital assets at point-of-sale locations over Oobit’s payment network based on themes of Oobit.
As a publicly traded company on Nasdaq, VCI Global raised $5 million from stock sales during the direct offering on October 31, with the stock priced at $1.80 per share. However, the stock’s value fell by 26.55% on Tuesday to $1.30 and has declined by 65.79% over the past month. Despite this decrease, the company’s commitment to rapidly expanding in the crypto payment ecosystem is notable.
The Securities Commission of Malaysia (SC) plans to modernize the regulatory framework for the Digital Asset Exchange (DAX) alongside increasing digital asset trading volume. In 2024, crypto trading volume was recorded at RM13.9 billion (approximately USD 2.9 billion), showing a significant increase compared to the previous year. The consultation paper between June 30 and August 11, 2025 aims to accelerate token listings, strengthen governance, and enhance investor protection.
The proposed rules will allow tokens meeting certain criteria to be listed on regulated exchanges without prior approval. This aims to respond to market demand more quickly, while operators will need to assume greater responsibility for compliance and risk management. Additionally, stricter governance standards, such as segregating customer assets, enhanced risk management, and higher financial thresholds for DAX operators, will be introduced.
These reforms are seen as part of Malaysia’s effort to modernize its fintech and crypto sectors; Bank Negara Malaysia is also evaluating tokenization of assets and CBDC experiments. However, officials emphasize that cryptocurrencies are not legal payment instruments, tightening regulations against unlicensed exchanges like Bybit and Huobi.





































































































