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Saved February 14, 2026
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Animoca Brands is set to go public on Nasdaq through a reverse merger with Currenc Group. This deal will allow it to expand its investor base and give shareholders a 95% stake in the merged entity, which focuses on digital assets across various sectors.
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Animoca Brands is pursuing a Nasdaq listing through a reverse merger with Currenc Group. This strategic move aims to broaden Animoca's investor base and improve access to its digital assets, which include sectors like DeFi, AI, NFTs, and gaming. The merger will create a publicly listed digital asset conglomerate, allowing investors to tap into the potential of the expanding altcoin economy. According to Yat Siu, Animoca's co-founder, this merger represents a significant opportunity for investors.
Animoca's Digital Assets Advisory unit reported $165 million in revenue for 2024, marking a 116% increase from the previous year. In contrast, its traditional Web3 gaming and NFT business saw a steep decline of 40%, dropping to $110 million. Following the merger, Animoca shareholders will retain a 95% stake in the new entity, with the deal expected to finalize in the third quarter of 2026, pending regulatory approvals.
Currenc Group plans to divest some of its current operations, which include AI solutions for financial institutions and a digital remittance platform, before the merger is completed. The stock price for Currenc has surged recently, more than doubling within five days, and is set to open at $3.78 in New York. Animoca also plans to establish an office in New York as part of this expansion.
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