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VCI Global To Establish Sovereign-Grade Infrastructure Joint Venture, Stock Soars In Pre-Market

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

VCI Global Limited (VCIG), Tuesday announced a partnership with a leading digital asset holder to establish a sovereign-grade infrastructure venture, integrating ultra-secure
Bitcoin storage, encrypted AI computing, and real-world asset monetization into a unified sovereign-ready ecosystem.

As per the joint venture agreement, VCI Global will hold a 70 percent of equity stake and lead commercialization and infrastructure management, while its digital asset partner retains full custody and control of the BTC reserves.

This collaboration is expected to strengthen VCI's position in sovereign cybersecurity, AI computing, and institutional crypto infrastructure. Additionally, it would create opportunities for national-scale digital asset custody, AI-driven analytics, and secure RWA monetization.

In the pre-market hours, VCIG is trading at $1.08, up 27.05 percent on the Nasdaq.

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