The deal aims to expand Animoca’s investor base and enhance access to its digital assets and growth companies.
Updated Nov 3, 2025, 2:42 p.m. Published Nov 3, 2025, 11:06 a.m.
Animoca Brands said it filed for a Nasdaq listing via a reverse merger with Singapore-based Currenc Group (CURR).
The proposed merger “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,” Yat Siu, Animoca’s eo-founder and executive chairman, said in a release.
Following the transaction, Animoca sharehoders will own 95% of the merged company, according to an SEC filing. The deal is expected to close in third-quarter 2026, after shareholder and regulatory approvals. The exchange ratio has not yet been determined.
Currenc said it intends to divest some of its existing business operations, which include AI-powered solutions for financial institutions and a digital remittance platform. These operations are expected to be spun off to Currenc’s current shareholders before the merger completes.
Earlier this year, Animoca disclosed that its Digital Assets Advisory unit generated $165 million in 2024, a 116% year-over-year increase that surpassed revenue from its traditional Web3 gaming and NFT business, which fell 40% to $110 million.
CURR shares more than doubled in the past five days. The stock is set to open at $3.78 in New York.
Animoca is expected to open an office in New York as part of the U.S. listing.
UPDATE (Nov. 3, 11:57 UTC): Replaces Yat Siu quote.
UPDATE (Nov. 3, 14:41 UTC): Adds ownership split, deal closure, exchange ratio in third paragraph.
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