The Hong Kong company Animoca Brands plans to go public on the American exchange Nasdaq in 2026 through a reverse merger with fintech company Currenc Group Inc (CURR). This strategic deal aims to create the world’s first publicly traded conglomerate of digital assets.
This is reported by Finway
Terms of the Deal and Structure of the New Company
According to the preliminary agreement, Currenc Group will acquire all shares of Animoca Brands through a reverse merger mechanism. After the process is completed, the merged company will operate under the Animoca Brands brand, and its shares will be traded on Nasdaq. Shareholders of Animoca Brands will receive approximately 95% of the merged company, while current owners of Currenc will hold about 5%. A dual-class share structure is planned, along with the establishment of a joint board of directors.
Development Strategy and Partnerships
The merged company will focus on global development, investing in digital assets, tokenizing real-world assets (RWA), and implementing blockchain solutions for the financial sector and consumers. Animoca Brands’ portfolio includes over 600 companies, as well as participation in joint ventures, including the creation of a regulated stablecoin and collaboration with Provenance Blockchain Labs on the NUVA platform, which accelerates access to tokenized assets.
In 2024, the Animoca Digital Assets Advisory division increased its revenue to $165 million, a 116% increase from the previous year.
As part of the merger, Currenc plans to spin off some of its current business lines—specifically, AI solutions for financial institutions and a digital money transfer platform—into a separate company. Its shares will be distributed to current shareholders of Currenc before the completion of the deal.
The merger will be executed through an Australian settlement scheme. Both companies have agreed to a three-month exclusivity period to finalize legal details and prepare final decisions. It is expected that after the listing, Animoca Brands will open an office in New York.
“The merger of Animoca Brands and Currenc will create the world’s first public, diversified conglomerate of digital assets, providing investors on Nasdaq with direct access to the growth of the trillion-dollar altcoin economy through a single diversified instrument that encompasses DeFi [decentralized finance], AI [artificial intelligence], NFTs, gaming, and DeSci [decentralized science]. We believe this deal will establish a new asset class and present investors with one of the greatest opportunities of our generation.”
Animoca Brands’ plans to go public were first revealed in May 2025. Among recent announcements from crypto companies about listing on Nasdaq, it is also worth noting Evernorth Holdings, which will become the largest public XRP treasury in the world after merging with Armada Acquisition Corp II in the first quarter of 2026.