VCI Global Limited announced that its OOB token has begun trading on Kraken, the world’s longest‑standing regulated digital‑asset exchange, as of November 13, 2025. The company had previously purchased 250 million OOB tokens for $50 million (US$0.20 per token) as part of its digital‑treasury initiative. At the time of the announcement, the token was trading at approximately US$0.64 on Kraken, creating an unrealized gain of $109.8 million on the company’s holdings.
The OOB ecosystem is backed by Tether, which is expected to become VCI Global’s largest shareholder following the transaction. The token is designed to enable instant cross‑border settlements and multi‑chain interoperability, leveraging the Solana network’s high‑throughput architecture. By listing on a regulated exchange, VCI Global has added liquidity and transparency to its treasury assets, allowing the company to better manage exposure and potentially monetize the token in future financing or partnership opportunities.
Market reaction to the announcement was mixed. An initial sharp decline of over 20% in VCI Global’s stock was reported in early trading after the company disclosed its OOBIT partnership and investment on November 11, 2025. Subsequent reports indicate that the stock has surged 52.59% over the past week, with heavy volume accompanying the move, and a 23.46% increase following the crypto‑treasury announcement. Analysts attribute the positive momentum to the strategic partnership with Tether, the substantial unrealized gain, and the enhanced credibility from the Kraken listing.
VCI Global’s financial health has been a point of concern. Profit margins were lower in 2024 compared to the prior year, and the company’s consensus rating is “Sell.” The OOB token investment represents a significant allocation of capital, but the unrealized gain offsets a portion of the margin pressure. Management has emphasized disciplined allocation and long‑term value creation, noting that utility tokens with real‑world usage are maturing into strategic treasury assets. CEO Dato’ Victor Hoo highlighted the company’s focus on institutional‑grade oversight and the potential for future monetization of the token.
The OOB token’s total supply is 1 billion, and its launch on Kraken meets the exchange’s strict listing criteria, including legal, compliance, engineering, and business standards. The partnership with Tether not only provides financial backing but also positions VCI Global at the center of a rapidly evolving digital‑asset ecosystem, potentially opening doors to further institutional collaborations and cross‑border payment solutions.
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