VCI Global shares surge 36.19% premarket after subsidiary wins $200M RWA mandate to develop institutional-grade gold-backed stablecoin.

VCI Global surged 36.19% in premarket trading following the announcement that its subsidiary Smart Bridge secured a US$200 million RWA consultancy mandate to develop Bridge Gold, a fully allocated, Big Four-audited gold-backed stablecoin with multi-currency settlement capabilities. The mandate, covering RWA structuring, custody integration, and recurring services, positions the company to generate recurring revenue from a growing RWA market projected to exceed $24 billion as of June 2025. The project’s institutional-grade features, including Swiss and Singaporean vault custody and USD/EUR/SGD settlement rails, align with rising demand for asset-backed digital assets. Additional strategic shifts, including spin-offs of non-core businesses and a focus on AI infrastructure and stablecoin payments, further reinforced investor optimism.