Animoca Brands plans to list on Nasdaq through reverse merger

Animoca Brands, a Hong Kong-based crypto gaming heavyweight, has announced plans to go public in the United States. merging with Currenc Group. the movement It is structured as a reverse merger, with Currenc acquiring 100 percent of Animoca’s shares. Once the dust settles, Animoca shareholders would own about 95 percent of the new public company. The deal aims to close in 2026, pending approval from both shareholders and regulators.

Speed ​​over tradition

Instead of going through the longer process of a traditional IPO, Animoca is opting for a faster route to the Nasdaq. This reverse merger gives them a faster path while also unlocking access to the US capital markets. In 2022, Animoca was valued at approximately 6 billion dollars.

Now, the company sees this listing as a way to expand its reach and increase visibility within the growing digital asset space.

A huge Web3 portfolio

Animoca has built a broad presence in crypto gaming, NFTs, and blockchain infrastructure. As of September 30, the company had 628 active investments in gaming, sports, digital art, and the metaverse. Its treasury includes shares in the main cryptocurrencies. as Bitcoin, Ethereum and Solana, along with its own token, MOCA. That combination of assets and exposure gives it a unique position in the Web3 ecosystem.

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How the merger will work

Currenc plans to issue new shares to Animoca investors. what will he do Animoca the dominant player in the new entity. While the agreement is not yet binding, it lays the foundation for what could become a important crossover between crypto and public markets.

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Currenc says it will close its current operations, including its digital remittance business, as part of the merger.

Wall Street is paying attention

Following the announcement, Currenc shares rose, showing that investors are intrigued by what this merger could mean. Fits into a broader 2025 trend where there are more crypto companies Searching ways to go public, whether through traditional IPOs or alternative deals like this one. The enthusiasm points to a growing appetite for companies that marry cryptocurrencies with more familiar financial structures.

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What should happen next?

Before anything becomes official, both companies will need to complete detailed merger documentation. They will also need approval from regulators and their respective shareholders. If all goes well, the merger would close in 2026, placing Animoca on the Nasdaq. All eyes will be on how the company structures, manages currency obligations and sets its course as a public company.

A look at the public future of cryptocurrencies

This move reflects a broader trend within the industry. Crypto-native companies are increasingly finding ways to connect to traditional markets without giving up their Web3 roots. For Animoca, going public through a reverse merger could offer the scope and stability needed for long-term growth. For the rest of the sector, it could serve as a model for what comes next.

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