VCI Global acquires $100M in OOB tokens

VCI Global (VCIG) announced the acquisition of approximately $100M in OOB tokens and its appointment as Treasury Manager for the OOB digital-asset ecosystem, in which Tether Investment 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. Transaction Structure: VCI Global acquired $50M worth of OOB tokens at a $200M market capitalization through the issuance of restricted shares to the OOB Foundation. An additional $50M in OOB tokens will be acquired through cash purchases on the secondary market following the token’s upcoming launch. Next Steps: Completion of the remaining $50M cash-based OOB token purchase following launch; Establishment of VCI Global’s Digital Treasury Division to manage digital-asset initiatives; and Integration of token utility into VCI Global’s AI, fintech, and sovereign data platforms.