VCI Global to Acquire Licensed Fund Manager in Malaysia's Labuan Jurisdiction to Launch Regulated Bitcoin Fund
This strategic acquisition grants VCI Global immediate access to a regulated asset management framework via Labuan, Malaysia's internationally recognized offshore financial hub. Labuan is known for its efficient licensing regime, global investor accessibility, and tax incentives. It has long been a base for cross-border investment operations by major financial institutions, including Citigroup Inc. ('Citibank'), BNP Paribas SA ('BNP Paribas'), DBS Bank Limited ('DBS Bank'), and Malayan Banking Berhad ('Maybank International').
VCI Global will leverage the acquired license to launch the VCIG Bitcoin Fund, a USD-dominated, professionally managed investment vehicle that provides qualified investors with institutional-grade exposure to Bitcoin. The fund is designed to serve high-net-worth individuals, family offices, and institutional investors seeking compliant, secure, and operationally simplified access to digital assets.
The move comes as global cryptocurrency markets surpass approximately US$2.6 trillion in total market capitalization, with Bitcoin accounting for approximately US$1.2 trillion, according to Investopedia. Despite rising global institutional interest, many investors in Asia remain underexposed to digital assets due to regulatory hurdles and the lack of trusted investment structures. By establishing its digital assets platform within Labuan's regulatory framework, VCI Global aims to bridge this gap by offering a secure, transparent, and tax-efficient vehicle for Asia-based investors seeking exposure to Bitcoin.
'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.
About V Capital Fund Management Limited
V Capital Fund Management Limited is a licensed fund manager regulated under the Labuan Financial Services and Securities Act 2010. The company is authorized to manage private and institutional funds under the oversight of the Labuan Financial Services Authority, offering compliant investment solutions within one of Asia's most established offshore financial jurisdictions.
About VCI Global Limited
VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
[email protected]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Americans face price hikes for luxury watches after Trump's Swiss tariffs
Switzerland's watch industry is facing a threat to sales after Donald Trump said he would impose 39 per cent tariffs on the country, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
Apple and Amazon earnings should end tech stock bubble fears: Opening Bid top takeaway
A weak jobs report with a side of hot tech earnings and fresh tariffs. The US economy created 73,000 jobs in July, falling short of estimates for 100,000. And there were large downward revisions to May and June jobs numbers! The unemployment rate held steady at 4.2%. Investors are likely to wonder if the Trump administration's tariff policy — including new levies on goods from Canada and other top trading partners today — is beginning to weigh on hiring plans and the economy. Queue those Trump rate-cut posts on Truth Social. The economic read comes on the heels of strong earnings from Apple (AAPL) and Amazon (AMZN) last night. The duo capped an impressive earnings week for large caps, with Meta (META) and Microsoft (MSFT) being the other standouts. Even second-tier Big Tech names in Roblox (RBLX) have crushed expectations (watch CEO Dave Baszucki's interview above). Most importantly, Amazon, Apple, Alphabet (GOOG, GOOGL), Microsoft, and Meta all put to bed one fear: Lofty valuations supported by hopes for AI-driven growth may not be lofty enough. Zoom in: Large-cap tech earnings quiet the naysayers Not only did Amazon, Apple, Meta, and Microsoft show strong growth throughout their giant businesses, but execs also conveyed that AI is unlocking new avenues of growth for the quarter to come. Their bottom lines also easily eclipsed Wall Street forecasts. Reports were generally embraced (save for Amazon, where investors opted to lock in on an OK outlook rather than a blowout outlook). "As the main engine of US equity profitability for the last few years, 2Q25 results from Alphabet, Meta and Microsoft suggest that growth momentum is intact," Barclays strategist Venu Krishna said. It's a point well taken. Apple's services growth tallied 13% last quarter and is expected to increase at a similar pace in the current quarter. Quarterly iPhone sales increased 13% from the prior year and improved in every geographic market. The company had the saddest story to tell on the AI front, but CEO Tim Cook still did enough on the earnings call to temporarily ratchet down worries that Apple will be a nonentity in AI. The company has spent $15.5 billion in capital expenditures in the first half of the year, up from $11 billion a year ago — underscoring its AI investment roadmap. AI rollouts by big companies continue to feed Amazon's lucrative AWS cloud business. Second quarter sales for AWS rose 17.5% from last year, accelerating from a 16.9% growth rate in the first quarter. Amazon CEO Andy Jassy said on the earnings call that demand for AWS is outstripping supply. "We highlight several potential catalysts in the intermediate-term that could possibly offset some near-term uncertainty, including (1) more meaningful improvements in cost to serve driven by deeper automation and robotics, (2) commercialization of new AI capabilities in Alexa, (3) monetization of Project Kuiper which could begin late this year, and (4) an expected increase in Prime Subscription prices in 2026," Wedbush analyst Dan Ives said. The same vibe was seen at Microsoft as sales at the Azure cloud business accelerated 4% sequentially. Azure's growth "further validates Microsoft's share gains and leadership in monetizing AI," Citi analyst Tyler Radke said. Then there was the report of the week out of Meta. On top of a 22% sales increase, the company signaled that the good times will keep on rolling as it plows deeper into artificial intelligence. AI investments are beginning to pay off in terms of driving more sales growth, execs told the Street. Perhaps more important than the sales increase is that operating profit margins rose despite megaspending on AI projects. KeyBanc analyst Justin Patterson said, "Meta's 2Q results reinforced that AI is driving positive impacts on engagement and advertising, which enables Meta to invest more in AI capacity." Given the strength, one has to wonder if these stocks are actually cheap despite their above-market multiples. The answer to that may be yes — it's hard to see what squashes their financial momentum over the next 12 Sozzi is Yahoo Finance's Executive Editor and a member of Yahoo Finance's editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email
Yahoo
17 minutes ago
- Yahoo
Bitcoin and crypto are on an upswing. How long can it continue?
July was good to Bitcoin, and some analysts think this may just be the warmup. Although Bitcoin was last down 0.35% at $115,396.40, below its record peak of around $123,000, some analysts aren't worried. Tom Lee, managing partner and head of research at Fundstrat Global Advisors who predicted Bitcoin's peak in 2024, has said he thinks Bitcoin willl reach $250,000 before the end of the year. Bitcoin climbed to a record high on July 14 as weekly cryptocurrency investment products saw record weekly inflows, pushing the total crypto market to top $4 trillion for the first time ever. With new legislation signed into law last month and skyrocketing institutional buying, there's little doubt digital assets are becoming more mainstream, they say. Earlier in the year, crypto exchange Coinbase also became the first crypto exchange to join the S&P 500, marking a major milestone for the digital asset industry. "Bitcoin pulling back after reaching a new all-time high is not unusual," said Samer Hasn, Senior Market Analyst at global broker Often, rallies are followed by dips, so people can take some profits around key technical levels. The drops also allow people who are sidelined and don't want to buy at the highs a lower entry point. Regulations give institutions green light The GENIUS Act, signed into law on July 18, creates a regulatory framework for stablecoins, a popular type of cryptocurrency tied to the value of stable assets like the U.S. dollar. The Act "marks a turning point in federal crypto oversight," said Frank Walbaum Market Analyst at socal investing platform Naga. "Regulatory clarity could support institutional adoption and long-term market maturation." Crypto has already seen a flood of new interest, with money flooding into crypto exchange traded funds, or ETFs that trade like stocks on an exchange but have holdings that track an index or other underlying asset. iShares Bitcoin Trust ETF, which seeks to reflect generally the performance of the price of bitcoin, became the fastest growing ETF ever in terms of assets. "The crypto ETF pie is growing fast because of broader adoptions after executive orders by President Donald Trump that are in the process of breaking down regulatory barriers that previously stood in the way of broader crypto adoption," said Bryan Armour, Morningstar's director of ETF and passive strategies. Who's buying crypto? Buyers are mostly young American males, according to a Deutsche Bank survey of U.S., UK and EU residents in June. In the United States, 23% of men versus 13% of women use cryptocurrency as a form of payment or personally invest in crypto, the survey showed. That's up from 20% and 12%, respectively, in January. Individual investors also tend to be young in the U.S. Among 18–34-year-olds, the share of investors increased to 29% in June from 24% in January, due to "excitement over Trump's pro-crypto administration," said Marion Laboure, senior economist at Deutsche Bank. Adoption rates have been on an upwards trend since Trump's election in November. U.S. investors also tend to have more money. U.S. crypto adopters tend to have income above $100,000 annually (34%). It was a 32% adoption rate for those earning between $50,000 and $100,000. More companies also are building Bitcoin treasuries. For example, MicroStrategy, which began buying Bitcoin in 2020, has since sold equity, issued various types of debt and layered stacks of preferred shares on top to raise money to buy more. In its latest earnings regulatory filing, it said it would do so again, selling $4.2 billion more in preferred stock to buy more of the digital coin. Its Bitcoin holdings helped the company's results top second-quarter estimates with a surprising profit. Metaplanet also said in a regulatory filing it plans to potentially issue up to $3.7 billion worth of perpetual preferred shares and use proceeds to buy more Bitcoin. It has said it wants to accumulate 210,000 Bitcoin by the end of 2027. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning. This article originally appeared on USA TODAY: Bitcoin had a record July. Can its winning streak continue? Sign in to access your portfolio
