02:18 PM EST, 11/11/2025 (MT Newswires) -- VCI Global ( VCIG ) said Tuesday that Tether Investment will become its largest shareholder following a $100 million digital-asset transaction involving OOB tokens.
The company will acquire $100 million worth of OOB tokens and has been appointed treasury manager for the OOB digital-asset platform, where Tether holds the largest ownership stake.
VCI Global ( VCIG ) said it issued restricted shares to the OOB Foundation in exchange for $50 million of tokens, with another $50 million to be purchased on the secondary market using cash after the token's launch.
Upon closing, the company plans to integrate the OOB token into its digital treasury strategy to support AI, fintech, and blockchain initiatives under its Nasdaq-listed governance framework.
VCI Global ( VCIG ) shares fell 15% in recent Tuesday trading.
Price: 1.51, Change: -0.26, Percent Change: -14.75