Binance News
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VCI Global Announces $2 Billion Crypto Infrastructure Partnership
According to Foresight News, Nasdaq-listed VCI Global Limited (NASDAQ: VCIG) has announced a $2 billion partnership with digital asset holders to establish a sovereign-level crypto infrastructure joint venture. The project will be supported by 18,000 BTC, currently valued at approximately $2.16 billion.
VCI Global will hold a 70% stake in the venture and will be responsible for commercialization and infrastructure management, while the partner will retain custody of the BTC assets. The initiative aims to advance the institutional application of cryptocurrencies, including the tokenization of real-world assets backed by BTC, the monetization of crypto storage, and the integration of AI computing.
VCI Global will hold a 70% stake in the venture and will be responsible for commercialization and infrastructure management, while the partner will retain custody of the BTC assets. The initiative aims to advance the institutional application of cryptocurrencies, including the tokenization of real-world assets backed by BTC, the monetization of crypto storage, and the integration of AI computing.
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