Animoca Brands prepares for an initial public offering via a reverse merger on Nasdaq.

• Merger aims to list Animoca on Nasdaq in 2026.
• Animoca shareholders will retain approximately 95% of the new entity.
• The framework involves crypto assets, NFTs, DeFi, AI, and DeSci.

The Hong Kong-based company, Animoca Brands, announced that it had signed a letter of intent. Animoca Brands has entered into a reverse acquisition with Currenc Group Inc., with the aim of enabling its listing on the Nasdaq stock exchange. Under the proposed terms, Currenc will acquire 100% of the issued shares of Animoca Brands through a scheme of arrangement in Australia, as per the joint statement released in November 2025.

It is anticipated that, upon completion of the transaction, Animoca shareholders will own approximately 95% of the issued shares of the new listed entity, while current Currenc shareholders will hold approximately 5%. The combined entity is expected to operate under the name Animoca Brands and will have a dual-class share structure, with representation on the board of directors from both companies.

According to Yat Siu, co-founder and executive chairman of Animoca:

“The proposed merger between Animoca Brands and Currenc will result in the world’s first diversified, publicly traded digital asset conglomerate, giving Nasdaq investors direct access to the trillion-dollar growth potential of the altcoin digital economy through a single diversified vehicle encompassing DeFi, AI, NFTs, gaming, and DeSci.”

Currenc CEO Alex Kong also commented that “The proposed merger with Animoca Brands represents a milestone for Currenc. This proposed transaction provides a compelling path forward for the evolution of both companies and would unlock significant value for our shareholders.”

Although closing is estimated for 2026, the agreement is contingent upon shareholder approval, regulatory approvals in the United States and Australia, required audits, and eventual final documentation. Until these steps are completed, the terms remain non-binding.

The merger combines Animoca's broad portfolio — encompassing over 600 companies in crypto assets, blockchain infrastructure, real asset tokenization (RWA), NFTs, and gaming — with Currenc's AI-focused fintech platform for financial institutions. The new entity will seek to offer institutional investors direct exposure to this emerging digital ecosystem.

In this move, Animoca also signaled its intention to open an office in New York, aligned with the changing regulatory and institutional stance of the US regarding cryptocurrencies. This plan reinforces the company's international growth strategy in the Web3 segment.