Tether Invests $100 Million in VCI's OOB Tokens, Connecting Conventional Finance with Blockchain Technology

VCI Global Limited (NASDAQ: VCIG) has strengthened its presence in the digital asset industry by securing $100 million worth of OOB tokens. This acquisition will result in

, the leading stablecoin provider globally, becoming its top shareholder. Announced on November 11, 2025, the deal combines the issuance of restricted shares with purchases from the secondary market, placing at the forefront of blockchain advancement and institutional finance, as highlighted in a .

Under the agreement, VCI Global will obtain $50 million in OOB tokens at a $200 million valuation ($0.20 per token) by issuing restricted shares to the OOB Foundation. Another $50 million will be acquired from the secondary market after the token’s public debut, according to a

. The OOB token is the driving force behind OOBIT, a tap-to-pay and international payments platform supported by Tether, co-founder Anatoly Yakovenko, as well as venture capital firms CMCC Global and 468 Capital. OOBIT’s use of blockchain technology in daily financial activities aligns with VCI Global’s approach to building scalable solutions in AI, fintech, and digital treasury, as mentioned in a .

Tether’s increasing role in this transaction stands out. With a market cap near $180 billion and reserves in U.S. Treasury bills and cash equivalents totaling tens of billions, Tether’s investment in OOBIT makes it VCI Global’s primary shareholder, according to the Marketscreener report. This collaboration highlights Tether’s growing importance in connecting conventional finance with decentralized networks. “This is more than just a digital asset deal.

is a comprehensive platform pushing innovation across AI, finance, and infrastructure,” stated Moshe Schisser, OOBIT’s Chairman, in the GlobeNewswire release.

The Digital Treasury Division at VCI Global will manage the integration of OOB tokens into its business, supporting projects in AI, fintech, and sovereign data under its Nasdaq-listed structure. The company also revealed plans to launch a digital treasury initiative, utilizing the OOB token for international remittances, rewards programs, and cross-chain compatibility, as detailed in an

.

Market response has been varied. Despite the deal indicating strategic expansion, VCIG’s stock dropped 26.55% on Tuesday, showing investor wariness amid market fluctuations, according to a

. Still, experts point to the deal’s potential to boost the use of stablecoin-based payment systems. OOBIT’s platform currently averages $8.36 per transaction in the EU, with 70% of crypto payments going to the food, beverage, and retail industries, as noted in a .

The OOB token is also rebranding, moving from the

Chain to Solana to improve scalability and lower transaction fees. This migration, which started on November 9, comes just before the token’s official launch on November 12 and includes an airdrop for qualifying holders, as reported by a .

Dato' Victor Hoo, chairman of VCI Global, stressed the company’s long-term goals: “This milestone strengthens our dedication to developing a cross-industry platform that advances technology, AI, digital assets, and real-world applications through capital markets,” as stated in the GlobeNewswire release.

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