Web3 Conglomerate Animoca Brands Set to Go Public in Reverse Merger With Currenc Group

CN
13 hours ago

On Nov. 3, Currenc Group (Nasdaq: CURR) revealed plans to acquire all issued shares of Animoca Brands through a reverse merger deal expected to close in 2026.

Under the proposed structure, Animoca shareholders would own about 95% of the new entity, with Currenc shareholders holding roughly 5%. The merged firm would operate under the Animoca Brands name and trade on the Nasdaq stock market.

Once completed, the transaction would merge Currenc’s artificial intelligence (AI) fintech services with Animoca’s vast digital asset empire — spanning gaming, decentralized finance (DeFi), blockchain infrastructure, and real-world asset (RWA) tokenization.

Currenc plans to spin off some of its existing AI-powered financial operations before the merger closes, giving current shareholders separate ownership in those divisions. Currenc CEO Alex Kong described the proposal as “a milestone” that could “unlock significant value” for both companies.

Animoca co-founder Yat Siu said the merger would give Nasdaq investors direct exposure to the trillion-dollar altcoin economy, calling it a “new asset class” that bridges DeFi, AI, NFTs, gaming, and decentralized science.

Animoca Brands, headquartered in Hong Kong, has invested in more than 600 blockchain and Web3 companies, including Ledger, Kraken, Consensys, and Layerzero. It also maintains a digital asset treasury holding BTC, ETH, SOL, MOCA, SAND, and EDU, among other altcoins, and has ventures in stablecoins and RWA platforms.

The combined company would likely appeal to investors seeking diversified exposure to Web3 sectors without juggling dozens of separate crypto holdings. However, the merger still faces regulatory and shareholder scrutiny before it can proceed.

If approved, the transaction could mark a defining moment for public markets — where the intersection of AI, crypto, and tokenized finance steps squarely onto Wall Street’s stage.

  • What is the Currenc-Animoca reverse merger about?
    It’s a proposed deal for Currenc Group to acquire 100% of Animoca Brands’ shares and create a Nasdaq-listed digital asset conglomerate.
  • Who will control the new company after the merger?
    Animoca Brands shareholders are expected to own about 95% of the combined entity, while Currenc shareholders will hold roughly 5%.
  • When is the merger expected to close?
    The transaction is anticipated to close in 2026, pending shareholder and regulatory approvals.
  • What sectors will the merged firm focus on?
    The entity will target digital assets, defi, AI, NFTs, gaming, and tokenized real-world assets.

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