TSX gains after CPI shows US inflation rose 3%
KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a technology company currently trading near its 52-week low but showing strong financial health according to InvestingPro analysis, announced Thursday that its subsidiary Smart Bridge Technologies is preparing to launch an Ethereum-based crypto-fiat platform integrating digital assets, gold, and traditional finance within a regulated ecosystem.
The platform, expected to launch in the second quarter of 2026, aims to provide institutional and retail investors access to tokenized assets. It will be powered by XVIQ, Smart Bridge’s native utility token, which will facilitate transactions across cryptocurrencies, fiat currencies, and real-world assets.
A key component of the ecosystem is Bridge Gold (BGD), a token representing investment-grade gold with 99.99 percent purity stored in regulated vaults in Singapore and Switzerland. Each BGD token will be backed by physical gold reserves.
The company positions this launch amid growth in blockchain-based financial infrastructure. According to data cited in the press release, the global crypto-exchange market is valued at approximately $71.35 billion in 2025 and projected to exceed $260 billion by 2032. The tokenized real-world asset market has reportedly surpassed $24 billion.
"By bridging the gap between tangible assets and digital liquidity, we are creating pathways for institutional investors to participate confidently in the tokenized economy," said Henry Chai, Chief Executive Officer of Smart Bridge, in the company’s statement.
Smart Bridge Technologies is a Malaysia-based technology company specializing in AI-powered automation, IT solutions, and digital transformation services. The company is a subsidiary of VCI Global, which focuses on developing platforms across artificial intelligence, encrypted data infrastructure, and digital treasury systems.
In other recent news, VCI Global Limited announced ambitious financial guidance for 2025, projecting a 70% increase in revenue to $47.3 million, up from an estimated $27.8 million in 2024. The company also anticipates a gross profit of $37.8 million with an 80% gross margin, alongside an EBITDA forecast of $12.0 million, marking a 45% rise from 2024. Additionally, VCI Global reported a 37% year-over-year revenue increase to $18.7 million for the first half of 2025, driven by significant growth in its technology development and consultancy segment. In other developments, VCI Global has rescinded its acquisition of a 20% stake in QuantGold Data Group Limited, following an internal review that deemed the transaction suboptimal for shareholder value. The company has initiated formal proceedings to cancel the associated shares. Furthermore, VCI Global’s subsidiary, Smart Bridge Technologies Limited, has launched a Real-World Asset consultancy to enter the $16 trillion tokenization market. This new venture aims to offer services like asset tokenization advisory and technology integration across major financial hubs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.