VCI Global forms bitcoin-backed joint venture for asset tokenization

KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a technology company with strong financial metrics including a 54% gross profit margin and healthy balance sheet according to InvestingPro data, announced Tuesday a joint venture backed by 18,000 bitcoin valued at approximately $2.16 billion to develop infrastructure for real-world asset tokenization and encrypted storage services.

Under the partnership, VCI Global will hold a 70% equity stake and manage commercialization and infrastructure, while its unnamed digital asset partner will maintain full custody and control of the bitcoin reserves.

The joint venture aims to establish what the company calls a "Sovereign Reserve Vehicle" that will focus on several initiatives including bitcoin-backed real-world asset tokenization, encrypted storage services, and integration with AI computing platforms.

The bitcoin reserves will be mirrored in VCI Global’s proprietary storage platform called QuantVault, which the company describes as combining hardware-level encryption with quantum-resilient protocols.

"By integrating encrypted vaulting, sovereign-grade computing, and Bitcoin reserves, we are building the foundation for a new generation of institutional-grade digital asset ecosystems that are secure, scalable, and regulation-aligned," said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, according to the press release.

The announcement follows VCI Global’s recent expansion in cybersecurity and AI services, including the launch of products such as Qsecore for mobile protection and QTrustCard for PCIe encryption.

VCI Global describes itself as a cross-sector platform builder that has evolved from capital markets consultancy to operating across fintech, AI, robotics, and cybersecurity sectors, with a focus on Southeast Asian markets. The company has demonstrated strong growth with a 37% increase in revenue over the last twelve months, and according to InvestingPro analysis, currently appears undervalued relative to its Fair Value.

The company did not provide a timeline for implementation of the joint venture’s initiatives. For investors seeking deeper insights into VCI Global’s financial health and growth prospects, InvestingPro offers comprehensive analysis including 15+ additional ProTips and detailed valuation metrics in its Pro Research Report, helping investors make more informed decisions about this emerging tech player.

In other recent news, VCI Global Limited has announced several significant developments. The company secured a convertible note financing facility of up to $51 million, which will support the rollout of its Sovereign AI Infrastructure and a digital treasury reserve strategy. Of this financing, $20 million is allocated for bitcoin acquisition, aiming to diversify its treasury. Additionally, VCI Global has entered into a definitive agreement to acquire V Capital Fund Management Limited, a fund management firm licensed by the Labuan Financial Services Authority. This acquisition will grant VCI Global access to a regulated asset management framework in Malaysia’s offshore financial hub. The company also participated in the ASEAN AI Summit 2025, where it secured multiple enterprise commitments and government-level projects. Furthermore, VCI Global has appointed Dr. Chan Wai Mun as Chief AI & Data Officer to enhance its artificial intelligence and data solutions. Dr. Chan brings valuable experience from previous roles at Intel and GfK. These recent developments highlight VCI Global’s strategic efforts to expand its capabilities and market presence.

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