Overview
- VCI Global announced a plan to integrate OOB tokens into a $100 million digital treasury to fund future AI, fintech and blockchain projects.
- The company says Tether would take the top stake in VCIG upon completion through its existing interest in OOBIT and shares issued to the OOB Foundation.
- VCIG has secured $50 million in OOB tokens via a restricted share issuance and expects to purchase another $50 million on the open market after OOBIT’s launch.
- Media reporting adds that the initial purchase implied a roughly $200 million valuation for OOB, with tokens priced at $0.20, while details and timing remain subject to execution.
- OOBIT’s payments app supports USDt and Tether Gold for retail transactions, and the token is being rebranded and migrated to Solana, with backing from Anatoly Yakovenko, CMCC Global and 468 Capital.