VCI Global has spent $2.16 billion to buy Bitcoin and plans to use them to issue RWAS. This way, we prepare for a scenario in which BTC is barely accessible to the average retail investor.
The company’s plans also include several supplemental infrastructure roles, advertising custody services, and several unspecified AI tasks. However, primarily, the decline in the supply of Bitcoin is the main concern of VCI Global.
VCI Global’s RWA Plan
Corporate Bitcoin acquisitions are currently thriving and making up for the robbery of our attention as demand is growing in Asia. Some Japanese companies purchased more BTC than they did last week, while American companies spent $679 million on today’s tokens.
As Bloomberg ETF analyst Nate Gelach said, these companies have an advantage over retail buyers.
So, what should the crypto community do? ETF publishers have purchased more Bitcoin than miners mint, with only 1.5 million BTC remaining. Malaysian company VCI Global is preparing for this future with a $2 billion bet on Bitcoin RWAS.
Specifically, the company has announced $2.16 billion in funding to “enable a sovereign-enabled digital ecosystem,” but many of its goals seem a little unclear. It will, on the surface, stockpile BTC for several purposes, such as custody services and some AI computing roles.
However, VCI Global’s most direct plan is to use this Bitcoin to start issuing new RWAs.
“This partnership is an important step in creating RWA-enabled in compliance with Bitcoin infrastructure sovereignty and RWA responses. By integrating encrypted vaults, sobringed computing and Bitcoin reserves, it builds the foundation for a new generation of digital asset ecosystems within the facility.
A world without bitcoin?
Experts are already wondering about a world without Bitcoin, but this RWA plan might be a good test program. Some analysts theorized that key holders could become liquidity providers, but these Treasury Departments have not led any concrete programs. VCI Global may have found a way to keep capital circulating.
However, this vision has some serious obstacles. Recent research claims that the RWA market is very poorly performed. Companies from crypto are representative of most investments. Tradfi institutions use resources to purchase Bitcoin directly and may not be used for RWA.
Furthermore, BTC supply will not be completely depleted for some time. If a Bitcoin Treasury company wants to try something like this RWA plan in the future, it may not be useful to VCI Global. Certainly, RWA may not be a highly competitive market sector whenever these issues are truly pressing.
When that day comes, ETFs could be the preferred vehicle, especially for Tradfi engines. In the US, linting and redemption are already legal, allowing large company holders to interface directly with ETF publishers.
Still, this is a useful experiment. One day, you run out of BTC, at least for practical purposes. If you want to know how the crypto community works under these conditions, it’s best to start your research early.
The post-$2 billion BTC RWA plan first appeared on Beincrypto.
