TechFlow news, November 12 — According to TheBlock, Nasdaq-listed company VCI Global is acquiring $100 million worth of OOB tokens. OOB is the native token of Oobit, a cryptocurrency payments firm backed by Tether.
Under the deal structure, VCI Global has already acquired $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to purchase another $50 million worth of tokens on the secondary market following the public token sale. VCI Global said that upon completion of the transaction, Tether will become its largest shareholder.




