Animoca Brands Targets Nasdaq Via Reverse Merger

Web3 investment powerhouse Animoca Brands has moved toward a U.S. public listing by announcing plans for a reverse merger with Singapore-based AI fintech Currenc Group.

If completed, the merger will allow Animoca to assume Currenc’s Nasdaq listing while maintaining majority control. Animoca shareholders would own approximately 95% of the combined company, with Currenc investors holding the remaining 5%. The combined entity will adopt the Animoca name and give global investors a direct entry point into the firm’s large digital-asset portfolio and rapidly growing Web3 ecosystem holdings.

Chairman Yat Siu stated the transaction would create the first publicly listed diversified digital-asset conglomerate spanning DeFi, AI, NFTs, gaming, and decentralized science. Animoca has accumulated over $500 million in crypto holdings and has backed more than 400 Web3 ventures, including Kraken, MetaMask, and Ledger.

The merger is expected to close next year, aligning with rising U.S. demand for publicly traded crypto-exposed companies and expanding institutional adoption across blockchain sectors.

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