Key Takeaways:
- Animoca Brands to list on Nasdaq: The Hong Kong-based digital assets company is set to go public through a reverse merger with U.S.-listed fintech firm Currenc Group (Nasdaq: CURR).
- Shareholding structure: Animoca shareholders are expected to hold about 95% of the merged entity, with Currenc shareholders retaining the remaining 5%.
- New global structure: The post-merger company will operate under the Animoca Brands name and be incorporated in the Cayman Islands, aligning with the structure of other Nasdaq-listed international firms.
- Strategic synergy: The merger combines Animoca’s 600+ Web3 investments with Currenc’s AI-driven fintech capabilities, creating what would be the first publicly listed digital assets conglomerate spanning gaming, DeFi, tokenization, and AI.
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Nasdaq-listed fintech company Currenc Group (CURR) has signed a non-binding term sheet to acquire all issued shares of Animoca Brands in a reverse merger that would list the Hong Kong-based digital assets company on Nasdaq and create the world’s first publicly traded conglomerate focused on blockchain, gaming, and Web3 investments.
Under the proposed structure, Animoca shareholders would receive newly issued shares in Currenc, resulting in a 95% stake in the merged entity, with Currenc shareholders retaining the remaining 5%. The transaction would proceed via an Australian scheme of arrangement, and is subject to due diligence, court and shareholder approvals, and final agreement between the parties.
If completed, the merger would combine Currenc’s AI-driven fintech capabilities with Animoca’s diversified portfolio of more than 600 digital asset investments spanning real-world asset tokenization, NFTs, decentralized finance, and blockchain infrastructure
“The proposed merger of Animoca Brands and Currenc will result in the world’s first publicly-listed, diversified digital assets conglomerate, giving investors on Nasdaq direct access to the growth potential of the trillion-dollar altcoin digital economy through a single, diversified vehicle spanning DeFi, AI, NFTs, gaming, and DeSci,” said Siu. “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.”
“This proposed transaction provides a compelling path forward for the evolution of both companies and would unlock significant value for our shareholders,” said Alexander Kong, CEO and Executive Chairman of Currenc.
The deal is expected to provide Animoca with greater liquidity through Nasdaq exposure and a corporate structure aligned with its international operations, with the post-merger entity to be incorporated in the Cayman Islands, which is a common holding structure for foreign firms listed in the United States.
Animoca Brands Expands its ecosystem as Currenc Strengthens its Capital Base
Animoca Brands has been expanding its Web3 footprint across new regions, building on a year of aggressive growth.
The company opened a regional office in Dubai and announced plans to launch venture and liquid-investment funds targeting UAE start-ups, deepening its presence in the Middle East.
Animoca is also advancing into equity tokenization through a partnership with global investment platform Republic, aiming to list its shares on the Solana blockchain and open ownership to a broader range of investors.
Furthermore, across a portfolio exceeding 600 Web3 investments, Animoca continues to advance digital identity and gaming ecosystems through its Moca Network and AIR identity framework.
Currenc Group, for its part, has been repositioning strategically ahead of the merger. Earlier this year, it secured up to thirty-three million dollars in convertible-note financing and completed a leadership transition, signaling a broader shift toward capital-market readiness and operational realignment.
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