Animoca Brands Plans US IPO via Reverse Merger with Currenc Group
Hong Kong-based Animoca Brands, a heavyweight in crypto venture capital, unveiled plans for a U.S. public listing through a reverse merger with AI-focused fintech firm Currenc Group. The deal, slated to close by 2026, will see Animoca shareholders control 95% of the combined entity.
The MOVE marks Animoca's return to public markets after its 2020 delisting from the Australian exchange over crypto-related compliance issues. Backed by investors like SoftBank and Kingsway Capital, the firm holds stakes in 600+ crypto ventures—some reportedly eyeing their own public debuts.
This development follows Circle's recent public market entry, coinciding with growing institutional adoption of digital assets. Animoca's diverse portfolio spans tokens and equity positions across blockchain infrastructure projects and emerging Web3 platforms.