Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Monday Nov 3 2025 12:20
2 min
Animoca Brands, a significant venture capital investor in the cryptocurrency sphere, is strategizing for a Nasdaq listing next year. This ambition is set to materialize through a reverse merger with Currenc Group, an AI-focused public fintech firm. According to a joint statement released Monday, Currenc has entered into a non-binding term sheet with Animoca to acquire 100% of Animoca Brands' issued shares. This acquisition will be executed via a reverse merger, ultimately targeting a Nasdaq listing under the Animoca Brands name. Yat Siu, co-founder of Animoca, stated in a shareholder letter that "upon completion of the reverse merger, the shareholders of Animoca Brands would collectively own approximately 95% of the issued shares in the merged entity." The remaining 5% stake would be held by Currenc shareholders. The companies anticipate the merger's completion in 2026. This will result in a Nasdaq-listed entity with a global growth strategy encompassing cryptocurrency investments, real-world asset (RWA) tokenization, and various other blockchain technology applications. Animoca's expansive portfolio includes 628 companies and organizations. Siu emphasized that the proposed merger will establish "the world's first publicly-listed, diversified digital assets conglomerate" providing "direct access to the growth potential of the trillion-dollar altcoin digital economy." He further elaborated that the upcoming diversified vehicle will span multiple sectors, including decentralized finance (DeFi), artificial intelligence (AI), gaming, and decentralized science (DeSci). Since its inception in 2014, Hong Kong-based Animoca Brands has risen to prominence as a major VC player in the crypto space, boasting a portfolio of 628 companies and organizations worldwide. "We believe that this proposed transaction would usher in a new asset class that should position investors at the forefront of one of the greatest opportunities of our generation," Siu commented. Currenc Group was founded in 2011 by technology and fintech entrepreneur King Ong Kong, with a mission to transform global financial services through AI. Its services include digital payments, cross-border finance, AI-driven financial services, e-wallets, and data centers. Siu noted, "In 2024 alone, Currenc processed over $5.4 billion and facilitated more than 13 million cross-border transactions."
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Thursday, 23 July 2026
6 min
Thursday, 23 July 2026
3 min
Thursday, 23 July 2026
4 min
Thursday, 23 July 2026
Indices
Gold Price Today, July 24: Gold Slips to $4,043 as Dollar and Yields Rise
Thursday, 23 July 2026
Indices
South Korea Tightens Rules on Single-Stock Leveraged ETFs, Raises Cash Requirement to KRW 30 Million from July 31
Thursday, 23 July 2026
Indices
Intel Q2 Revenue Jumps 25% on AI Demand, Beats Estimates as Strong Q3 Outlook Lifts Shares
Thursday, 23 July 2026
Indices
Crypto Prices Today July 24: Bitcoin Steadies Near $65K as ETF Demand Counters Geopolitical Uncertainty
Thursday, 23 July 2026
Indices
Oil Price News Today: Brent Slips Below $100 as Traders Weigh US-Iran Tensions
Thursday, 23 July 2026
Indices
US Treasury Says Yen Is Deeply Undervalued, Urges Bank of Japan to Continue Rate Hikes
EN
