Treasure Global Unveils $100M Treasury Strategy, Eyes 1500% Growth via OXI Wallet
By ATTN Desk · Editorial oversight: Sean Han
Treasure Global Inc. Overview
Treasure Global Inc. (NASDAQ: TGL) is a Malaysia-based technology solutions provider specializing in digital commerce and e-payment platforms. Founded in 2020, the company operates a dual-facing business model targeting both consumers and merchants. Its flagship product, the ZCITY Super App, integrates artificial intelligence to deliver personalized rewards, campus management tools, gaming and e-commerce services, blockchain wallets, crypto mining, AI marketing tools, and computing rental solutions. As of May 5, 2024, ZCITY has over 2.6 million registered users.
Corporate Structure
Headquartered in New York, Treasure Global employs between 51 and 200 people and maintains a public listing on the NASDAQ under the ticker TGL. The company completed its initial public offering, raising approximately US$9.2 million on August 19, 2022, to fund technology development across Southeast Asia.
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Developments and News
- June 4, 2025: Treasure Global launched a US$100 million digital asset treasury strategy, backed by US$50 million from an existing equity financing agreement and US$50 million from a new institutional commitment. The program aims to acquire Bitcoin, Ethereum, and regulated stablecoins, facilitating the development of tokenization, blockchain settlements, and loyalty-based digital coupons.
- Q3 2025 (anticipated): The company plans to debut an AI-powered consumer intelligence platform that will provide real-time, verified retail insights and enable integrated merchant coupon sales.
- December 3, 2025, December 8, 2025, and November 25, 2025: Treasure Global filed multiple Form 8-K reports covering governance amendments, Regulation FD disclosures, and financial statement exhibits, reflecting ongoing compliance updates with the SEC.
- LinkedIn updates (2025): Management projected a revenue increase of 1,500 percent for full-year 2026 from Q2 to Q4 compared to Q1, supported by the launch of the OXI Wallet in the first half of 2026, which aims to manage up to USD 10 billion in user-held digital assets, the UNIRWA RWA token program for the real estate and hospitality sectors, and the acquisition of Quarters Elite Advisory Sdn Bhd, expected to contribute approximately USD 150 million in client assets.
Financial and Strategic Analysis
As of market close on December 10, 2025, TGL shares traded at USD 12.00, reflecting a 27.25 percent increase on a volume of 1,105,260 shares. The stock’s 52-week range spans USD 5.24 to USD 780.00. Key metrics (TTM unless noted) include:
| Metric | Value |
|---|---|
| Market Capitalization | USD 179.1 million |
| Price/Sales | 0.88× |
| Price/Book | 22.27× |
| Profit Margin | 0.00 percent |
| Return on Assets | –32.54 percent |
| Return on Equity | –269.14 percent |
| Revenue | USD 2.31 million |
| Net Income | –USD 24.56 million |
| Diluted EPS | –52.60 |
| Total Cash (mrq) | USD 1.25 million |
| Total Debt/Equity (mrq) | 1.20 percent |
| Levered Free Cash Flow | –USD 412.14 thousand |
The US$100 million treasury initiative is aligned with the development of the AI consumer platform, ensuring foundational blockchain infrastructure and tokenized coupon capabilities. The anticipated OXI Wallet rollout and RWA token management through UNIRWA are designed to facilitate recurring fee-based revenues, while the Quarters Elite acquisition aims to enhance distribution channels and client acquisition for digital financial services.
Market Position and Industry Context
Treasure Global operates within the e-commerce, fintech, and blockchain-enabled sectors in Southeast Asia. The ZCITY Super App supports online-to-offline integration by linking e-payment solutions with loyalty rewards. In a region where digital payments are experiencing significant growth, the integration of AI insights and blockchain asset management serves to position the company distinctively against traditional wallet providers and conventional e-commerce operators. Strategic partnerships, such as with Mezzofy for digital coupon infrastructure, illustrate the company's approach to combining emerging technologies with consumer applications.
tl;dr
On December 10, 2025, TGL shares closed at USD 12.00 (+27.25 percent) on NASDAQ with over one million shares traded. The company’s US$100 million digital asset treasury program launched on June 4, 2025, supports the anticipated Q3 2025 rollout of an AI-powered consumer intelligence platform. Management forecasts a revenue increase of 1,500 percent for full-year 2026 driven by the OXI Wallet (launching in 1H 2026), the UNIRWA RWA tokens, and the proposed Quarters Elite acquisition. These initiatives aim to generate recurring fees and expand digital asset services across Southeast Asia.