Animoca Brands is actively pursuing a listing on the Nasdaq stock exchange next year. This strategic move is planned through a reverse merger with Currenc Group, a public fintech company with a strong focus on artificial intelligence. Currenc Group has entered into a non-binding term sheet with Animoca Brands, outlining the acquisition of 100% of Animoca Brands' issued shares. This acquisition is intended to be executed via a reverse merger, with the ultimate goal of a Nasdaq listing under the Animoca Brands name. This development was announced in a joint statement released on Monday.
Yat Siu, co-founder of Animoca Brands, communicated in a letter to shareholders that following the successful completion of the reverse merger, Animoca Brands shareholders are expected to collectively hold approximately 95% of the issued shares in the newly formed merged entity. The remaining 5% of shares will be held by current Currenc shareholders.
The companies involved anticipate that the merger process will be finalized in 2026. This consolidation aims to create a Nasdaq-listed company with a comprehensive global growth strategy. This strategy will encompass a range of initiatives, including crypto investments, the tokenization of real-world assets, and the broader application of blockchain technology. Siu has characterized the proposed merger as the creation of the world's first publicly-listed, diversified digital assets conglomerate.
The announcement further highlighted that the merged entity will offer investors direct access to the significant growth potential inherent in the trillion-dollar altcoin digital economy. This diversified business vehicle is set to operate across multiple sectors, including decentralized finance, artificial intelligence, gaming, and decentralized science, as detailed by Siu.
Based in Hong Kong, Animoca Brands has established a prominent position as one of the leading venture capital players in the cryptocurrency space since its inception in 2014. As of September 30, 2025, the company's extensive portfolio comprises 628 companies and organizations operating globally.
Siu expressed that the proposed transaction is designed to introduce a novel asset class, placing investors at the forefront of what he described as a generational opportunity. This move will grant Animoca direct access to U.S. investors at a time when there is a record level of interest in publicly traded cryptocurrency-related firms and investment funds.
Currenc Group was established in 2011 by King Ong Kong, a seasoned technology and fintech entrepreneur. The company's founding mission was to revolutionize global financial services through the strategic implementation of artificial intelligence. Currenc Group's service offerings include digital payments, cross-border financial transactions, AI-driven financial solutions, e-wallets, and data center operations.
During 2024 alone, Currenc processed a substantial volume exceeding $5.4 billion and facilitated over 13 million cross-border transactions, according to figures provided by Siu. In the preceding year, Animoca reported holding digital assets valued at over $500 million. This holdings included prominent cryptocurrencies such as Bitcoin, Ethereum, and Solana, as well as MOCA, a loyalty token developed by Animoca. The company had also made approximately 400 minority investments in Web3 companies, with notable examples including Kraken, MetaMask, and Ledger.
Initially, Siu had discussed the possibility of a public listing in the previous year, considering crypto-friendly jurisdictions such as Hong Kong or the Middle East. Animoca Brands was previously delisted from the Australian Securities Exchange in 2020.