VCI Global Limited (NASDAQ:VCIG) surged 40% following the announcement that it has signed a definitive agreement to acquire V Capital Fund Management Limited, a licensed fund management company regulated by the Labuan Financial Services Authority.
The deal, completed at a nominal cost, will grant VCI Global immediate access to a regulated asset management framework based in Labuan, Malaysia’s renowned offshore financial center. The acquisition is expected to finalize in the third quarter of 2025, pending customary closing conditions and regulatory approvals.
Leveraging this newly acquired license, VCI Global intends to launch the VCIG Bitcoin Fund—a U.S. dollar-denominated investment product aimed at providing qualified investors with institutional-grade Bitcoin exposure. The fund is designed to appeal to high-net-worth individuals, family offices, and institutional investors seeking compliant access to digital assets.
This move comes as the global cryptocurrency market surpasses $2.6 trillion, with Bitcoin representing roughly $1.2 trillion. While institutional interest continues to rise worldwide, many investors in Asia face regulatory challenges and lack secure investment options for digital assets.
“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 CEO of VCI Global.
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