Animoca Brands, a prominent blockchain investment firm, is planning to make its debut on the Nasdaq Stock Exchange through a reverse merger with Currenc Group, a US-based fintech company. This move marks a significant milestone for Animoca, as it seeks to expand its presence in the global market and provide investors with direct access to the rapidly growing digital asset economy.
Reverse Merger and Ownership Structure
According to a recent announcement, Animoca Brands has signed a memorandum of understanding with Currenc Group to facilitate the merger. Upon completion of the transaction, Animoca shareholders, including notable investors such as ingsway Capital, 50T Funds, and SoftBank, are expected to control approximately 95% of the combined company, which will operate under the name Animoca Brands.
The proposed merger is expected to create a diversified digital asset conglomerate, spanning various sectors such as non-fungible tokens (NFTs), decentralized finance (DeFi), gaming, artificial intelligence (AI), and decentralized science (DeSci). This move is seen as a strategic effort to bridge the gap between traditional finance and the decentralized economy, providing investors with a unique opportunity to participate in the growth of the digital asset market.
Regulatory Approvals and Timeline
The transaction is subject to regulatory approvals in the US and Australia, as well as audited financial data from recent years. Although the company is reportedly profitable, it has not yet announced full-year results for the current fiscal year. The reverse takeover is expected to take place in 2026, pending the necessary approvals and fulfillment of regulatory requirements.
Animoca Brands’ decision to list on the Nasdaq is seen as a testament to the growing pro-crypto sentiment in the United States. The company’s co-founder and CEO, Yat Siu, has cited US President Donald Trump’s support of the crypto industry as a significant factor in the decision to open a new office in New York.
Institutional Expansion and Partnerships
Animoca Brands is currently working on several high-profile projects, including a stablecoin backed by the Hong Kong dollar in collaboration with Standard Chartered Plc and HKT. The company is also partnering with Provenance Blockchain Labs to develop a platform that connects real-world asset issuers with blockchain-based investors.
The recent merger, if successful, could pave the way for broader institutional access to Web3 infrastructure, positioning Animoca Brands as a key player in the digital asset market. As the company continues to expand its presence in the global market, it is likely to play a significant role in shaping the future of the decentralized economy.
For more information on Animoca Brands’ plans to list on the Nasdaq, please visit: https://crypto.news/animoca-brands-targets-nasdaq-listing-through-reverse-acquisition/
