Animoca Brands' Public Market Ambition Aims at Providing Crypto Access to Billions

Animoca Brands is planning to list on Nasdaq through a reverse merger with Currenc Group to grant both institutional and retail investors access to a diversified altcoin market. Co-founder Yat Siu emphasized that most of the world still lacks access to cryptocurrency, and the proposed merger aims to democratize this access. Animoca, founded in 2011 and active in crypto since 2017, has invested in over 600 companies involved in various crypto sectors. The plan is to create an altcoin index vehicle, enabling investors to avoid the complexities of selecting individual tokens, specifically focusing on 'institutionally ready altcoins.' The companies aim for a late 2026 debut, contingent upon regulatory and shareholder approvals, with an anticipated timeline of nine to twelve months to finalize the merger.

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