A Strategic Move Toward U.S. Markets

In an official statement, Animoca confirmed that it has signed a term sheet with Currenc Group to pursue a Nasdaq listing through a reverse merger structure. Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, described the proposed deal as “a compelling opportunity” that could bring the company closer to global investors.

Pending shareholder and regulatory approvals, the transaction is expected to be completed by 2026. Industry analysts view the merger as a strategic move to expand Animoca’s investor base and enhance its exposure to U.S. capital markets.

Currenc Group to Streamline Operations

Ahead of the merger, Currenc Group announced plans to restructure its business by divesting certain divisions. Its AI-driven financial solutions and digital remittance platform will reportedly be spun off to existing shareholders prior to closing the deal.

The restructuring news, coupled with merger anticipation, has sent Currenc’s stock soaring — shares have surged 118% over the past five days and are expected to open around $3.78 in New York trading.

Shift in Animoca’s Revenue Model

In 2024, Animoca reported $165 million in total revenue, driven largely by its Digital Asset Advisory division, which posted an impressive 116% year-over-year growth. Meanwhile, revenue from its Web3 gaming and NFT segments declined 40% to $110 million, signaling a shift in the company’s business focus.

This evolution underscores Animoca’s transition from being primarily a blockchain gaming studio to a more diversified player in digital asset management and investment advisory.

Expanding Presence with a New York Office

As part of its U.S. market strategy, Animoca Brands also plans to open a new office in New York. The move will strengthen the company’s North American footprint and foster closer relationships with institutional investors.

Animoca’s upcoming Nasdaq debut not only marks a major milestone for the company but also reflects the growing institutional acceptance of Web3 enterprises within traditional financial markets.

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