VCI Global Invests $100M in Oobit’s OOB Token Ahead of Solana Launch
Malaysia-based consulting firm VCI Global has made a bold $100 million OOB coin investment, acquiring half via a restricted share issue to the OOB Foundation and aiming to purchase the remaining $50 million on the secondary market once the token goes public. Oobit is rebranding its token from OBT to OOB and migrating from Ethereum to the Solana blockchain to enable faster, lower-cost transactions, with a market launch set for November 12. Supported by Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital, the OOB coin will power Oobit’s contactless crypto payments through POS systems. Post-investment, VCI Global plans to create a dedicated crypto treasury unit to integrate OOB into its AI, fintech and sovereign data platforms. Earlier, the firm raised $5 million in new shares at $1.80 each, even as its Nasdaq-listed stock slid 65.8% over the past month to $1.30. Traders should watch OOB coin’s launch and VCI’s ecosystem moves for market impact.
Bullish
VCI Global’s $100 million investment in OOB coin, coupled with Oobit’s shift to the high-speed, low-cost Solana network and backing from prominent industry players like Solana co-founder Anatoly Yakovenko, underscores strong institutional support and infrastructure improvements. Such large-scale capital injections and strategic migrations have historically driven token value appreciation and market confidence, as seen with previous major blockchain launches and rebrandings. In the short term, OOB coin’s launch and integration into VCI’s AI and fintech platforms could trigger price spikes and increased trading volume. Over the long term, embedding OOB in payment and sovereign data solutions may foster sustained adoption and ecosystem growth, strengthening market sentiment toward the token and related assets.