Animoca Brands Files For Nasdaq Listing

Animoca Brands has announced its plan to list on Nasdaq through a reverse merger with Singapore-based Currenc Group. This strategic merger is intended to broaden Animoca's investor base and improve access to its digital assets and growth opportunities. The company's Digital Assets Advisory unit reported a significant increase in revenue, generating $165 million in 2024, marking a 116% year-over-year growth. This growth surpassed the revenues from its traditional Web3 gaming and NFT sector, which declined by 40% to $110 million. The deal, pending shareholder and regulatory approvals, is set to close in 2026. In the days leading up to the announcement, shares of Currenc Group surged 118%, indicating strong market interest in the upcoming transaction. Yat Siu, co-founder and Executive Chairman of Animoca Brands, expressed enthusiasm about collaborating with Currenc to facilitate the listing.

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