PANews, November 12th news, according to Cointelegraph, VCI Global (NASDAQ: VCIG), headquartered in Malaysia, announced plans to acquire $100 million worth of OOB Tokens and oversee the digital treasury of the Singapore Crypto Assets payment platform OOBIT. In addition, Tether will become the largest shareholder of VCI Global through its holdings in OOBIT. It is reported that Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital are also among its investors. VCI Global acquired $50 million worth of OOB Tokens from the OOB Foundation through the issuance of company shares as payment, with a market capitalization of $200 million (i.e., $0.20 per Token). The company plans to purchase an additional $50 million worth of OOB Tokens on the public market after the official launch. VCI Global is a technology and investment company that develops platforms covering AI, digital finance, and data infrastructure. In February 2024, the company raised $25 million in Series A funding to expand its Crypto Assets payment application.