Hong Kong-based blockchain and crypto gaming giant Animoca Brands is poised to become publicly listed on the Nasdaq stock exchange through a proposed reverse merger with Currenc Group Inc., a Nasdaq-listed fintech company specializing in AI-powered financial solutions and cross-border payments. The deal was announced on November 3, 2025, and is expected to close in 2026, subject to shareholder and regulatory approvals.
Under the arrangement, Animoca shareholders will collectively own approximately 95% of the merged entity, which will operate under the Animoca Brands name, while Currenc’s existing shareholders will hold about 5%. The merger will create the world’s first publicly-listed, diversified digital assets conglomerate, giving investors access to a broad portfolio spanning decentralized finance (DeFi), artificial intelligence, non-fungible tokens (NFTs), blockchain gaming, and decentralized science (DeSci).
Animoca Brands, valued at $6 billion in 2022, is renowned for its extensive investment portfolio of over 600 companies across the digital asset ecosystem. Its ventures include landmark projects such as The Sandbox, Open Network, and N Marketplace, underscoring its leadership in metaverse and blockchain innovation.
Currenc, on the other hand, processed over $5.4 billion in transactions in 2024, with operations spanning AI-driven digital payments, e-wallets, and data centers. As part of the merger, Currenc intends to divest certain legacy operations, including its digital remittance service, prior to closing.
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, emphasized the transformative nature of the transaction, stating it will unlock significant value and provide investors with exposure to the trillion-dollar altcoin economy through a unified vehicle. Alex Kong, Founder and CEO of Currenc, echoed this sentiment, highlighting the strategic growth prospects unlocked by the merger.
The proposed transaction reflects Animoca Brands’ ambitions to bolster institutional strength and accelerate its role in shaping the future of the digital asset economy, blending the innovation of blockchain, AI, and real-world asset tokenization.
In summary, Animoca Brands’ planned Nasdaq listing through a reverse merger with Currenc Group marks a watershed moment in the crypto industry, setting the stage for expanded market access and investor participation in one of the most dynamic sectors of the global economy.
