VCI Global Acquires $100M in OOB Tokens with Tether Backing

VCI Global has committed to purchasing $100 million worth of OOB tokens to manage the digital treasury of OOBIT, a Singapore-based crypto payments platform launched in 2017. The deal includes an initial $50 million acquisition from the OOB Foundation at a $200 million valuation, with shares issued as payment at $0.20 per token. An additional $50 million will be sourced from the open market post-launch.

Tether emerges as the largest shareholder in VCI Global through its stake in OOBIT, reinforcing its influence in the crypto payments sector. The platform has integrated Tether's stablecoins USDt and Tether Gold (XAUt) to streamline retail transactions. High-profile backers like Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital further validate the project's credibility.

This strategic MOVE positions VCI Global at the forefront of institutional crypto adoption, leveraging OOBIT's infrastructure to bridge traditional finance with digital asset ecosystems. The transaction underscores growing confidence in tokenized payment solutions amid broader market maturation.