VCI Global Limited (NASDAQ: VCIG), the Malaysia-based consulting and fintech group, has entered into a major digital-asset treasury agreement involving the OOB token ecosystem. The deal, announced over November 11–13, 2025, includes a $100 million commitment and positions Tether — the issuer of the world’s largest stablecoin USDT — to become VCIG’s largest shareholder upon completion. As of this writing on November 13, 2025, shares of VCIG are trading around $1.69 after significant volatility this week.
Key Details of the Transaction
Under the framework agreement, VCI Global will acquire OOB tokens in two $50 million tranches:
• The first $50 million was completed via the issuance of restricted shares, giving VCIG 250 million OOB tokens at $0.20 each.
• The second $50 million will be paid in cash following the token’s public launch and listing.
In addition, VCIG has been appointed as the official Treasury Manager for the OOB Foundation. Oobit, the company behind the OOB token, operates a mobile payment app that enables users to spend cryptocurrency at merchants worldwide through tap-to-pay and cross-border transfer features.
OOB began trading on the Kraken exchange on November 12–13. As of November 13, the token was trading around $0.64, creating substantial unrealized gains on the initial tranche for VCIG.
How Tether Fits In
Tether Investments is the largest backer of the Oobit ecosystem. Through the share issuance tied to the first $50 million tranche, Tether is set to become the single largest shareholder of VCI Global once the transaction fully settles. This marks a notable direct link between one of the biggest stablecoin issuers (USDT currently has over $180 billion in circulation) and a Nasdaq-listed company.
Context Within VCIG’s Broader Digital Asset Strategy
This move builds on VCIG’s earlier steps into cryptocurrency treasuries during 2025, when the company began allocating portions of its balance sheet to Bitcoin as a reserve asset. The OOB addition diversifies its holdings into a utility token focused on real-world payments while adding a strategic treasury-management role.
Potential Benefits for VCIG
If the broader cryptocurrency market remains supportive and the OOB ecosystem gains adoption, the marked-to-market value of these holdings could provide meaningful upside to VCIG’s balance sheet. The treasury-management appointment may also open new revenue streams tied to the growth of the Oobit platform.
Risks and Considerations
Cryptocurrency treasury strategies carry significant volatility. Sharp declines in Bitcoin, USDT sentiment, or the OOB token itself could quickly erode the value of these holdings and pressure the stock price. VCIG remains a micro-cap name with a history of large price swings, past dilution through share issuances, and exposure to regulatory developments in Malaysia and globally. Liquidity in smaller tokens like OOB can also be limited compared to major assets.
As with all companies holding digital assets, the ultimate impact on shareholders will depend heavily on future crypto market conditions and execution of the underlying partnerships.
Final Takeaway
VCI Global has executed one of the more unusual corporate crypto treasury transactions seen recently — combining a large token position, a treasury-management role, and an incoming anchor shareholder in Tether. The development highlights how some smaller public companies continue to embrace digital assets aggressively, for better or worse, in the current market environment.
This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security.
