PANews reported on November 12th, citing Cointelegraph, that Malaysia-based VCI Global (NASDAQ: VCIG) announced plans to purchase $100 million worth of OOB tokens and oversee the digital treasury of Singapore-based cryptocurrency payment platform OOBIT. Furthermore, Tether will become VCI Global's largest shareholder through its stake in OOBIT. It is understood that Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital are also investors. VCI Global acquired $50 million worth of OOB tokens from the OOB Foundation at a market capitalization of $200 million (equivalent to $0.20 per token) by issuing company shares as payment. The company plans to purchase another $50 million worth of OOB tokens on the open market after the official launch. VCI Global is a technology and investment company developing platforms covering AI, digital finance, and data infrastructure. In February 2024, the company raised $25 million in Series A funding to expand its cryptocurrency payment applications.PANews reported on November 12th, citing Cointelegraph, that Malaysia-based VCI Global (NASDAQ: VCIG) announced plans to purchase $100 million worth of OOB tokens and oversee the digital treasury of Singapore-based cryptocurrency payment platform OOBIT. Furthermore, Tether will become VCI Global's largest shareholder through its stake in OOBIT. It is understood that Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital are also investors. VCI Global acquired $50 million worth of OOB tokens from the OOB Foundation at a market capitalization of $200 million (equivalent to $0.20 per token) by issuing company shares as payment. The company plans to purchase another $50 million worth of OOB tokens on the open market after the official launch. VCI Global is a technology and investment company developing platforms covering AI, digital finance, and data infrastructure. In February 2024, the company raised $25 million in Series A funding to expand its cryptocurrency payment applications.
VCI Global plans to purchase $100 million worth of OOB tokens, and Tether will become VCI Global's largest shareholder.
PANews reported on November 12th, citing Cointelegraph, that Malaysia-based VCI Global (NASDAQ: VCIG) announced plans to purchase $100 million worth of OOB tokens and oversee the digital treasury of Singapore-based cryptocurrency payment platform OOBIT. Furthermore, Tether will become VCI Global's largest shareholder through its stake in OOBIT. It is understood that Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital are also investors.
VCI Global acquired $50 million worth of OOB tokens from the OOB Foundation at a market capitalization of $200 million (equivalent to $0.20 per token) by issuing company shares as payment. The company plans to purchase another $50 million worth of OOB tokens on the open market after the official launch. VCI Global is a technology and investment company developing platforms covering AI, digital finance, and data infrastructure. In February 2024, the company raised $25 million in Series A funding to expand its cryptocurrency payment applications.
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