.png){kind=logo}
Animoca Brands, a prominent blockchain and digital asset investment firm located in Hong Kong, has revealed plans to go public on the Nasdaq stock exchange. The company aims to do this via a reverse merger with Currenc Group Inc., a US-based fintech company.
Moreover, this transaction is expected to close in 2026, resulting in a diversified digital assets conglomerate with interests in decentralized finance (DeFi), gaming, artificial intelligence (AI), and decentralized science (DeSci).
According to the terms, Animoca Brands shareholders will hold approximately 95% of the combined company, with the remaining 5% belonging to Currenc shareholders. Kingsway Capital, 50T Funds, and SoftBank are the investors in Animoca that will have huge shares in the new company.
In addition, this inversion merger follows Animoca's delisting from the Australian Securities Exchange (ASX) in 2020, due to issues with regulatory compliance, particularly in its cryptocurrency activities.
This move returns Animoca Brands to the global financial scene via Nasdaq, one of the world's top stock exchanges. Yat Siu, co-founder and executive chairman, stated that this merger will make Animoca the first publicly listed diversified digital assets conglomerate, providing investors with direct exposure to the growing altcoin digital market economy.
Animoca Brands has a substantial portfolio comprising over 600 investments in the digital asset space, encompassing blockchain infrastructure, gaming, and tokenized real-world assets (RWAs). The company has also invested in top blockchain companies, such as ConsenSys and Kraken, and owns significant holdings in cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The company still holds a considerable stake in altcoins, despite the massive decline in their performance, especially in the wake of the October crypto market crash that wiped billions of dollars from altcoin values. Animoca's approach to trading these cryptocurrencies for yield has been at the heart of its operations. Animoca also offers advisory services to crypto startups, which are paid for by giving them digital coins, creating a more diverse revenue model for the startup.
Moreover, Animoca Brands is expanding its institutional operations. It is engaged in a joint venture with Standard Chartered and HKT to develop a Hong Kong dollar-backed stablecoin and collaborates with Provenance Blockchain Labs to create a platform for connecting real-world asset issuers with blockchain investors.
The merger is still contingent upon regulatory approvals in both the United States and Australia, as well as the completion of Animoca’s financial reporting for the past few years. Although Animoca is profitable, it has not yet disclosed its full-year financial results for the current fiscal year.
As part of the merger, Currenc Group intends to spin off certain operations, particularly those related to its AI-driven financial services and digital remittance platform. The companies involved are working under a three-month exclusivity period to finalize the terms of the deal and proceed with the merger, following the execution of definitive agreements.
In addition to the reverse merger, Animoca Brands plans to open a New York office and conduct a reverse merger to boost its U.S. presence amid rising pro-crypto attitudes, particularly following President Trump’s endorsement.
If successful, the merger will position Animoca Brands as a major player in Web3, providing institutional investors with improved access to blockchain investments and facilitating the integration of traditional finance with the digital economy.
Also Read: IRFC Share Price Gains 1.25% to Rs. 124.30, But Analysts Warn of Weak Trend
