"Another crypto company is headed to Wall Street. Animoca Brands, a Hong Kong-based blockchain developer and investor, plans to list on the Nasdaq via a reverse merger with Currenc, which is a Singapore-based fintech company. The planned public listing is notable because Animoca stands out from other recent crypto offerings, including Circle and Gemini, because its business does not revolve around exchanges or stablecoins. Instead, the firm's focus is in altcoins, or cryptocurrencies other than mainstays like Bitcoin and Ethereum."
"Animoca has invested in over 600 blockchain companies, according to a statement released on Monday. Some of its most notable past investments include stakes in the failed metaverse platform Sandbox. "The proposed merger of Animoca Brands and Currenc will result in the world's first publicly-listed, diversified digital assets conglomerate," said Yat Siu, co-founder of Animoca Brands. The deal is set to be finalized in 2026. Animoca's shareholders will own 95% of the company and current shareholders of Currenc will own the other 5%."
Animoca Brands plans to list on the Nasdaq via a reverse merger with Currenc, a Singapore-based fintech company, with the deal expected to finalize in 2026. The firm focuses on altcoins rather than exchanges or stablecoins and has invested in over 600 blockchain companies, including stakes in Sandbox. Animoca's shareholders are set to own 95% of the merged company while Currenc shareholders will own 5%. The company’s route to public markets follows broader crypto trends using reverse mergers and SPACs. Animoca previously listed on the Australian Securities Exchange and was delisted in 2020 amid compliance concerns.
Read at Fortune Crypto
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