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Investing.com -- VCI Global Limited (NASDAQ:VCIG) stock surged 40% after the company announced it has entered into a definitive agreement to acquire V Capital Fund Management Limited, a fund management company licensed by the Labuan Financial Services Authority.
The acquisition, made at a nominal consideration, will provide VCI Global with immediate access to a regulated asset management framework via Labuan, Malaysia’s internationally recognized offshore financial hub. The deal is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals.
VCI Global plans to leverage the acquired license to launch the VCIG Bitcoin Fund, a USD-denominated investment vehicle designed to provide qualified investors with institutional-grade exposure to Bitcoin. The fund will target high-net-worth individuals, family offices, and institutional investors seeking compliant access to digital assets.
The move comes as global cryptocurrency markets exceed $2.6 trillion in total market capitalization, with Bitcoin accounting for approximately $1.2 trillion. Despite growing institutional interest globally, many investors in Asia remain underexposed to digital assets due to regulatory hurdles and lack of trusted investment structures.
"This acquisition enables VCI Global to operate a fully licensed digital asset fund under a globally respected offshore regime. Bitcoin is increasingly recognized as a strategic reserve asset. Our goal is to provide institutional investors with a secure, regulated, and tax-efficient entry point into the future of digital value," said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
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