Press Release – New York, NY – August 21, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented VCI Global Limited, a cross-sector platform builder integrating deep technology with financial architecture to enable sovereign-ready digital ecosystems, in its convertible note financing facility of up to $51 million.
The company plans to allocate $20 million of the proceeds to gradually acquire Bitcoin as a digital reserve asset. The company plans to use the remaining proceeds to support the expansion of its sovereign AI infrastructure.
The SRFC team was led by partners Ross Carmel and Jeffrey Wofford, with associate Tong Wu.