Hong Kong-based Animoca Brands, a leading venture capital investor in the cryptocurrency market, on Monday announced its plans for an initial public offering (IPO) in the United States. The move will be executed through a reverse merger with Curenc Group, a fintech company specializing in artificial intelligence (AI) solutions.
Animoca Brands returns to public markets
The transaction is anticipated to close in 2026, at which time Animoca Brands shareholders are expected to own approximately 95% of the issued shares of the new entity.
Notable investors in Animoca include Kingsway Capital, 50T Funds and SoftBank, the company’s executive chairman Yat Siu said recently Interview With Bloomberg.
This upcoming listing marks Animoca’s return to public markets following its delisting from the Australian Securities Exchange (ASE) in 2020 due to concerns over violations of listing rules related to its involvement in crypto activities.
Animoca Brands follows other firms entering the public sector. circle (CRC), the USDC issuer, is one of the most notable amid President Trump’s support for the development of digital assets in the country in 2025.
Animoca boasts a diverse portfolio that includes tokens and equity stakes in over 600 crypto companies. It features investments in companies that are planning to go public, such as blockchain infrastructure provider ConsenSys and cryptocurrency exchange Kraken.
Siu indicated that the majority of Animoca Brands’ portfolio consists of tokens from startups, and the company has a dedicated team focused on trading these. cryptocurrency To generate returns. “We consider ourselves basically a leveraged bet on altcoins,” he commented.
New York office on the horizon
The merger with Curenc is subject to regulatory approval in both the US and Australia, where Animoca’s corporate entity is registered. Additionally, it depends on providing animoca audited financial statements For the last years.
While Siu confirmed that Animoca Brands is profitable, he said the company has not yet disclosed its financial results for the current fiscal year.
Although the letter of intent has been signed, the definitive agreements for the merger are still being finalized. Both companies have entered into a three-month exclusivity period to complete the agreement.
With more than 700 employees, Animoca Brands also plans to set up a new office in New York. Siu highlighted that President Donald Trump’s stance is favorable cryptocurrency industry Played a key role in the decision to pursue a US listing.
“I mean, do I need to say Trump?” He said, while also adding that a dual listing in Hong Kong remains a possibility, emphasizing the importance of the Asian market to the company’s overall strategy and user base.
Display image from DALL-E, chart from tradingview.com
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