VCI Global stock jumps after crypto-fiat platform announcement

Published 23/10/2025, 13:22
© Reuters.

Investing.com -- VCI Global Limited (NASDAQ:VCIG) stock surged 9% in premarket trading Thursday after the company announced plans to launch an Ethereum-based crypto-fiat platform through its subsidiary Smart Bridge Technologies.

The platform, scheduled to launch in the second quarter of 2026, will integrate digital assets, gold, and traditional finance within a unified regulated ecosystem. It aims to provide institutional and retail investors with secure access to tokenized assets, powered by XVIQ, Smart Bridge’s native utility token.

At the core of the ecosystem is Bridge Gold (BGD), a tokenized representation of investment-grade gold with 99.99% purity, stored in regulated vaults in Singapore and Switzerland. Each BGD token will be backed by verifiable physical gold reserves.

"Smart Bridge is a strategic extension of VCI Global’s mission to develop cross-sector technology platforms that drive long-term value. 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.

The company’s market entry comes as the global crypto-exchange market is valued at approximately $71.35 billion in 2025 and projected to exceed $260 billion by 2032, according to Coherent Market Insights. Meanwhile, the tokenized real-world asset market has reportedly surpassed $24 billion, reflecting a nearly 380% increase since 2022.

VCI Global aims to capitalize on the growing demand for regulated asset-backed digital platforms by positioning itself at the intersection of these high-growth markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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