Animoca Brands Aims for Nasdaq Listing via Reverse Merger
Animoca Brands, a leading player in crypto gaming headquartered in Hong Kong, has revealed its intentions to go public in the United States via a merger with Currenc Group. This initiative is set up as a reverse merger, with Currenc poised to secure 100 percent of Animoca’s shares. Following the completion of the process, Animoca’s shareholders would possess around 95 percent of the newly established public firm. The agreement aims for finalization in 2026, contingent upon approvals by shareholders and regulatory bodies.
Emphasizing Speed Over Tradition
Instead of undergoing the lengthy procedure of a conventional IPO, Animoca is choosing a quicker path to Nasdaq. This reverse merger allows them to expedite the process while still gaining access to U.S. capital markets. In 2022, Animoca was assessed at about $6 billion.
Currently, the company perceives this listing as an opportunity to broaden its influence and enhance visibility within the expanding digital asset sector.
An Extensive Web3 Portfolio
Animoca has established a significant presence throughout crypto gaming, NFTs, and distributed database technology. As of September 30, the company had 628 active investments spanning games, sports, digital art, and the metaverse. Its treasury features stakes in prominent cryptocurrencies such as BTC, Ethereum, and Solana, alongside its own coin, MOCA. This diverse range of assets provides it with a distinct position within the Web3 landscape.
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Mechanics of the Merger
Currenc intends to issue new shares to the investors of Animoca, positioning Animoca as the leading entity in the newly formed company. Although the agreement is currently non-binding, it sets the groundwork for what may turn into a significant link between crypto and public markets.
Currenc has indicated that it will dismantle its current operations, including its digital remittance sector, as part of this merger.
Wall Street Takes Notice
Following the news, Currenc’s shares surged, indicating investor interest in the potential implications of this merger. This aligns with a broader trend in 2025 where numerous crypto companies are exploring pathways to publicly list, whether via traditional IPOs or alternative arrangements like this one. The excitement signifies a rising market demand for companies that merge crypto with traditional financial frameworks.
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Next Steps for the Merger
Before any formal announcements can be made, both firms will need to finalize detailed merger agreements. They will also require clearance from regulatory authorities and approval from their shareholders. If they stay on course, the merger could finalize in 2026, placing Animoca on the Nasdaq. All attention will focus on how the company organizes, addresses Currenc’s responsibilities, and charts its path as a publicly traded entity.
A Look at the Future of Crypto in the Public Sphere
This action signals a broader pattern within the sector. Firms rooted in crypto are increasingly discovering methods to engage with traditional financial markets while retaining their Web3 identity. For Animoca, going public through a reverse merger could provide the necessary reach and stability for sustained growth. For the rest of the industry, it may offer a framework for future developments.
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Key Takeaways
- Animoca Brands is set to become publicly traded in the U.S. through a reverse merger with Currenc Group, with plans for a Nasdaq listing in 2026.
- The arrangement would result in Animoca’s shareholders owning approximately 95 percent of the newly formed organization, establishing dominance over the merged entity.
- By opting for a reverse merger rather than a standard IPO, Animoca can achieve a swifter entrance to Wall Street and gain access to U.S. capital markets.
- Animoca boasts over 628 active investments in Web3 encompassing gaming, NFTs, and distributed record infrastructure, along with substantial crypto assets like BTC, ETH, and Solana.
- This merger has the potential to serve as a precedent for how major crypto enterprises can enter the traditional financial sector, merging digital innovation with public market integration.
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The post Animoca Brands Plans Nasdaq Listing Through Reverse Merger appeared first on 99Bitcoins.
