VCI Global: Has established a $2 billion partnership through sovereign-grade encryption infrastructure

ChainCatcher news, according to GlobeNewswire, VCI Global Limited (NASDAQ: VCIG) today announced a partnership with a digital asset holder to jointly establish a sovereign-level infrastructure joint venture (JV), which is backed by 18,000 bitcoins, valued at over $2.16 billion at current market prices.

According to the joint venture agreement, VCI Global will hold a 70% stake and will lead commercialization and infrastructure management, while its digital asset partner will retain full custody and control of the bitcoin reserves.