Animoca Brands Prepares for Nasdaq Listing Through Reverse Merger With Currenc Group

Web3 investment giant, Animoca Brands, plans to go public on the Nasdaq via a reverse merger with Currenc Group. Animoca Brands says that the merger will create the first publicly listed, diversified digital assets conglomerate in the world. 

Animoca Brands Prepares for Nasdaq Listing 

Crypto giant Animoca Brands has announced a major step towards gaining a direct path to public markets. Animoca Brands, a $9.2 billion blockchain gaming and investment firm, has signed a term sheet for a reverse merger with US-listed fintech Currenc Group, as part of plans to get listed on Nasdaq.

Via the reverse merger, Currenc will acquire 100% of Animoca Brands’ issued shares. If the deal is completed, Animoca shareholders would collectively own approximately 95% of the issued shares in the resulting entity, while current Currenc shareholders would hold approximately 5%.

According to the statement, the merged company is expected to get listed on Nasdaq and operate under the Animoca Brands name. The reverse merger is expected to be closed in 2026, although it awaits shareholder and regulatory approvals.

According to a statement by Yat Siu, co-founder of Animoca Brands, the proposed merger of Animoca Brands will turn into the first publicly-traded, diversified digital assets conglomerate in the world. Yat Siu adds that the resulting company listing on Nasdaq will give investors direct access to the growth potential of the trillion-dollar altcoin digital economy through a single, diversified vehicle.

What the Merger Will Provide

The portfolio of Animoca Brands includes over 600 companies in the digital asset industry in real-world asset tokenization, artificial intelligence, gaming, blockchain infrastructure, and decentralized finance. The company has a list of notable crypto-based investments, which are Ledger, Kraken, Igloo, Consensys, Humanity Protocol, and LayerZero.

The new entity will pursue a global growth policy based on digital asset investments and services, tokenization of RWA, and consumer and institutional blockchain uses. Currenc proposes adopting a dual-class share structure where nominees of both companies will be represented in the post-merger board.

Currenc Group, which already offers AI-based services to financial institutions and has a digital remittance platform, intends to split off its current business operations to existing shareholders by the time the merger closes.

According to Alex Kong, founder, CEO, and executive chairman of Currenc Group, this proposed transaction offers a strong direction toward the future of the two companies and would bring substantial value to our shareholders.

The deal will be done by an Australian scheme of arrangement and subject to due diligence, signing definitive agreements, stock exchange approval, and completion of relevant financial reporting. Both parties have signed an agreement to have a three-month exclusive period to discuss terms. We expect a finalization of the terms by Q1 2026.

A Return to the Public Space for Animoca Brands

In 2020, Animoca Brands was delisted from the Australian Securities Exchange (ASX) over governance and regulatory concerns for its exposure to unregulated digital tokens. However, the reverse merger with Currenc Group creates an opportunity for Animoca Brands to return to the public market, especially with the friendlier crypto regulations in the United States.