VCI Global secures a partnership worth 2 billion dollars$BTC #CryptoIntegration in Bitcoin converting assets to digital tokens. VCI Global Limited (VCIG) announced a joint venture with a digital asset owner supported by 18,000 Bitcoins, valued at over 2.16 billion dollars according to current market levels. The partnership establishes infrastructure to convert real assets into digital tokens and cryptocurrency services for institutions.
Under the joint venture structure, VCI Global will retain a 70% equity stake and will manage commercial marketing and infrastructure operations, while its partner will retain custody and control over Bitcoin reserves. The Bitcoin will be stored using VCI Global's QuantVault platform, which the company describes as featuring hardware-level encryption and quantum-resistant protocols.
The project plans to develop real assets converted into Bitcoin-backed digital tokens, treasury-as-a-service offerings, and integrate encrypted AI computing. VCI Global stated that the initiative will create a sovereign reserve vehicle designed to generate revenue from cryptocurrency infrastructure services.
"This partnership is an important step towards making Bitcoin infrastructure sovereign-compliant and ready for real assets," said Dato Victor Ho, Executive Chairman and CEO of VCI Global.