Animoca Brands Set for Nasdaq Debut via Reverse Merger with Currenc Group

Web3 and digital asset investment giant Animoca Brands is planning to go public in the U.S. through a reverse merger with the Nasdaq-listed, Singapore-based Currenc Group Inc. (Nasdaq: CURR).

Key Transaction Details

• Structure: Non-binding term sheet for a reverse merger, targeted for completion in 2026, pending regulatory and shareholder approval.
• Ownership: Animoca Brands shareholders would own approximately 95% of the combined company, with current Currenc shareholders holding the remaining 5%.
• Listing: The merged entity is expected to operate under the Animoca Brands name and trade on Nasdaq.
• Currenc's Spin-off: Currenc Group plans to spin off its current AI and digital remittance businesses to its existing shareholders before the merger is finalized.

Animoca Brands' Vision and Portfolio

Animoca Brands co-founder Yat Siu stated the merger would create the "world's first publicly-listed, diversified digital assets conglomerate," offering Nasdaq investors direct exposure to the altcoin digital economy.

The firm boasts a massive portfolio of over 600 companies across key digital asset sectors, including:

• Real-World Asset (RWA) Tokenization
• Artificial Intelligence (AI)
• Gaming
• Blockchain Infrastructure
• Decentralized Finance (DeFi)

Its investment roster features major crypto industry players like Ledger, Kraken, Consensys, and LayerZero. Additionally, Animoca Brands maintains a significant digital asset treasury holding tokens like Bitcoin, Ethereum, Solana, SAND, and others.

Future Strategy and Final Steps

The combined company will focus its global growth strategy on digital asset investments and services, RWA tokenization, and blockchain applications. Currenc expects the new entity to adopt a dual-class share structure.

Currenc Group's CEO, Alex Kong, noted the transaction is a "compelling path forward" that would "unlock significant value." The deal will be executed through an Australian scheme of arrangement and is currently in a three-month exclusivity period while both parties finalize due diligence and definitive agreements.

November 2025, Cryptoniteuae