Animoca Brands Nasdaq Listing via Currenc Reverse Merger
Animoca Brands has agreed to a non-binding term sheet with Nasdaq-listed Currenc Group to pursue an Animoca Brands Nasdaq listing via reverse merger by 2026. Under the proposed deal, Currenc will issue new shares to acquire 100% of Animoca Brands’ equity, with Animoca shareholders retaining roughly 95% of the combined group and Currenc’s existing investors holding 5%. Currenc plans to divest non-core AI and digital remittance units before closing. The transaction remains subject to due diligence, shareholder and regulatory approvals. The listing aims to transition Animoca Brands from private fundraising to a liquid U.S. public market, broadening its investor base to include institutional players and retirement funds. Chairman Yat Siu says the merger will create the first publicly-listed digital assets conglomerate spanning DeFi, AI, NFTs, blockchain gaming and DeSci. CEO Alexander Kong adds it will unlock significant shareholder value and streamline access to U.S. capital markets. The proposed Animoca Brands Nasdaq listing follows an earlier plan for a New York listing, leveraging a pro-crypto U.S. policy environment. Key challenges include market volatility and macroeconomic headwinds.
Bullish
The news of an Animoca Brands Nasdaq listing via reverse merger is broadly bullish for the company’s market position. In the short term, the announcement is likely to boost sentiment around Animoca Brands and its portfolio by signaling stronger liquidity, increased transparency and access to institutional capital. Traders may see positive spill-over into related tokens or equity derivatives linked to Animoca’s blockchain gaming and NFT ventures. In the long term, a successful Nasdaq listing will enhance Animoca Brands’ credibility, expand its investor base into retirement and institutional funds, and provide a scalable capital platform for further M&A and RWA initiatives. While macroeconomic headwinds and regulatory hurdles could delay the process, the overall market outlook remains positive as listings historically drive renewed investor interest in crypto-native firms.