VCI Global Limited and Mezzofy Holding announced a definitive agreement on February 18, 2026 to create a Real‑World Asset (RWA) Digital Coupon Exchange. Smart Bridge Technologies, VCI Global’s blockchain subsidiary, will hold a 51% majority stake in the joint entity, while Mezzofy will own the remaining 49%.
The partnership leverages Smart Bridge’s regulatory structuring, settlement infrastructure, and ecosystem integration capabilities, and Mezzofy’s extensive enterprise merchant network, tokenization expertise, and exchange technology stack. Together they will build a blockchain‑enabled marketplace for tokenised digital coupons and vouchers, providing enterprises with a secondary market that generates recurring transaction revenue and expands VCI Global’s footprint in the digital‑commerce infrastructure space.
The digital‑voucher market is a multi‑hundred‑billion‑dollar annual ecosystem, and the broader blockchain technology market is projected to grow from $17 billion in 2023 to over $943 billion by 2032. The RWA tokenization market is expected to reach $16 trillion. By creating liquidity for previously illiquid digital vouchers, the joint venture positions VCI Global as a key infrastructure provider in a rapidly expanding segment.
"Digital vouchers have evolved into a core engagement tool for global brands, yet most remain confined within closed ecosystems. By enabling tokenisation and exchange‑based infrastructure, this collaboration introduces new interoperability and lifecycle value for enterprise issuers while expanding cross‑border digital commerce opportunities," said Dicky Ying, Chief Executive Officer of Mezzofy.
"This definitive agreement moves our RWA infrastructure strategy firmly into execution mode," added Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global.
The joint venture signals VCI Global’s transition from platform development to commercial deployment, aiming to capture recurring revenue from transaction fees and settlement services while accelerating adoption of tokenised vouchers across Mezzofy’s global merchant network. The partnership also strengthens VCI Global’s competitive position in the emerging RWA market and aligns with its broader strategy of building scalable, AI‑native operating platforms for enterprise clients.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.