Malaysia’s VCI Global to Acquire $100M in OOB Tokens from Tether-Backed Oobit

VCI Global, a Malaysian technology consulting firm, is making a strategic push into digital finance with a $100 million acquisition of OOB tokens. The deal involves purchasing the native asset of Oobit, a crypto payments company backed by Tether. Half the tokens will be acquired through a restricted share issuance, with the remainder targeted on secondary markets post-listing.

Tether’s involvement goes beyond financial backing—the stablecoin giant is poised to become VCI Global’s largest shareholder. "This transcends a typical digital-asset transaction," said Oobit Chairman Moshe Schisser, framing the deal as a catalyst for real-world adoption of the Oobit ecosystem.

The Malaysian firm plans to establish a dedicated digital treasury division and integrate OOB tokens across its AI and fintech platforms. This MOVE signals growing institutional interest in token utility beyond speculative trading, particularly in Southeast Asia’s burgeoning crypto payments sector.