Crypto Giant Animoca Brands Eyes Nasdaq Debut via Reverse Merger
Update: 2025-11-03
Description
**Summary:**Animoca Brands, a prominent Hong Kong-based metaverse investment firm, is set to go public in the US via a reverse merger with Currenc Group, a Nasdaq-traded fintech company. This move could make Animoca one of the first diversified digital assets companies to be publicly listed globally. The merger, expected to close in 2026, will see Currenc acquire all of Animoca's shares, with Animoca's founders and investors owning 95% of the combined company. Animoca, a major player in blockchain and digital assets, has invested in over 600 startups, including The Sandbox, Decentraland, OpenSea, and Immutable. The move reflects a growing trend of crypto firms entering traditional markets, with Animoca's investments like Kraken and Consensys also considering IPOs. However, the merger still needs approval from Australian financial regulators, adding an intriguing layer to this bold move.
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