Animoca Brands Files For Nasdaq Listing

Animoca Brands announced its plans to file for a Nasdaq listing through a reverse merger with Singapore-based Currenc Group. This strategic move is intended to broaden its investor base and enhance access to its digital assets and growth companies. Animoca's Digital Assets Advisory unit reported significant growth, generating $165 million in revenue for 2024, a 116% increase from the previous year, which surpassed the revenue of its traditional Web3 gaming and NFT business. The merger agreement, contingent upon shareholder and regulatory approval, is expected to conclude in 2026. The shares of Currenc Group have seen a substantial rise of 118% in the past five days, highlighting investor confidence in the potential deal.

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