Hong Kong–based Animoca Brands is preparing to become a publicly traded company on Nasdaq via a reverse merger with fintech firm Currenc Group Inc. (CURR).
The companies have signed a non-binding preliminary agreement, positioning the combined entity to become the first publicly listed digital asset conglomerate.
Under the terms of the transaction, Currenc will acquire 100% of Animoca Brands. Once the merger is completed — currently expected in 2026 — the combined company will keep the Animoca Brands name, and its shares will trade on Nasdaq.
Ownership structure after the merger is projected as follows:
- Animoca Brands shareholders: ~95%
- Currenc Group shareholders: ~5%
The companies also intend to implement a dual-class share structure and form a joint board of directors.
Focus on Digital Asset Expansion and Real-World Tokenization
The merged entity plans to pursue a global growth strategy centered around:
- Digital asset investments
- Real-world asset (RWA) tokenization
- Blockchain solutions for institutional and consumer markets
Currenc Group’s Founder and CEO Alex Kong commented:
“This proposed merger marks an important milestone for Currenc. It creates a strong evolutionary path for both organizations and delivers meaningful value to our shareholders. We are pleased to provide our investors with access to a global leader in the digital economy.”
Animoca Brands’ Co-founder and Executive Chairman Yat Siu added:
“The merger will create the world’s first publicly traded, diversified digital asset conglomerate, giving Nasdaq investors direct exposure to the trillion-dollar altcoin economy through a single instrument spanning DeFi, AI, NFTs, gaming, and DeSci. We believe this transaction will establish a new asset class and open one of the most significant investment opportunities of this era.”
Animoca’s Portfolio and Financial Performance
Animoca Brands currently holds investments in over 600 projects, collaborates on development of a regulated stablecoin, and is working with Provenance Blockchain Labs on NUVA, a platform designed to scale access to tokenized assets.
In 2024, Animoca’s Digital Assets Advisory division reported $165 million in revenue, representing 116% year-over-year growth.
Currenc to Spin Off Certain Business Units
As part of the merger structure, Currenc plans to spin off some of its existing operations — including its AI solutions for financial institutions and its digital remittance platform — into a separate company. Current Currenc shareholders will receive shares in this new entity before the merger closes.
The transaction will be executed under an Australian scheme of arrangement, with both companies entering a three-month exclusivity period to finalize documentation.
Following its public listing, Animoca Brands is expected to open a New York office.
