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News  ›  GlobeNewswire Inc.

VCI Global Reaffirms Oobit Transaction as Ecosystem Partners Target Completion of OOB Digital Treasury Infrastructure by Q1 2026

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Vci Global Limited
VCI Global Reaffirms Oobit Transaction as Ecosystem Partners Target Completion of OOB Digital Treasury Infrastructure by Q1 2026

VCI Global reaffirmed its ongoing transaction with the Oobit ecosystem, targeting completion of digital treasury infrastructure by Q1 2026. The company plans to hold approximately 250 million OOB tokens and acquire $50 million worth through secondary market purchases. The Oobit initiative includes participation from major stablecoin providers like Tether and is designed as institutional-grade digital asset infrastructure for payment settlement and treasury functions.

Insights
MSpP   neutral

Mentioned in additional notifications but no substantive details provided about their role or impact in the main article


VCIG   positive

The company is reaffirming commitment to a strategic long-term digital asset infrastructure initiative with major institutional partners. The planned significant token holdings ($50M+ acquisition plus 250M tokens) and focus on building durable, compliant infrastructure demonstrates confidence in the project's viability and alignment with the company's DAT strategy.