VCI Global Acquires $100M in OOB Tokens, Deepens Tether Alliance
VCI Global has cemented its position in blockchain infrastructure with a $100 million OOB token acquisition, simultaneously being appointed Treasury Manager for the OOB ecosystem. The deal propels Tether Investment Limited to majority shareholder status through its OOBIT holdings, joining solana co-founder Anatoly Yakovenko and venture firms CMCC Global and 468 Capital as key stakeholders.
The two-stage transaction saw VCIG secure an initial $50 million in OOB tokens at a $200 million valuation, with a second $50 million cash purchase pending. Token pricing was set at $0.20 per unit via restricted share issuance through the OOB Foundation. This strategic MOVE signals VCI's aggressive push into digital asset management and fintech integration.
