Animoca Brands Announces Proposed Reverse Merger With Currenc Group To Establish Publicly-Listed Digital Assets Conglomerate
Game software program firm Animoca Brands has introduced plans to pursue a US itemizing by way of a proposed reverse merger with Singapore-based Currenc Group, concentrating on a valuation of roughly $1 billion.
The corporations have entered right into a non-binding time period sheet below which Currenc would probably purchase 100% of Animoca Brands’ issued shares by way of the reverse merger. If accomplished, the transaction would create a Nasdaq-listed entity with a world progress technique encompassing digital asset investments and companies, real-world asset (RWA) tokenization, and blockchain functions for each shopper and institutional markets.
Under the proposed construction, Animoca Brands’ shareholders would collectively maintain round 95% of the ensuing firm’s shares, whereas present Currenc shareholders would retain roughly 5%. The transaction is anticipated to incorporate a dual-class share construction, with the board composed of nominees from each corporations, and the mixed entity would function below the Animoca Brands identify.
The events at present anticipate the merger closing in 2026, pending shareholder and regulatory approvals and different customary circumstances.
Animoca Brands’ Diversified Digital Asset Portfolio Underpins Proposed Merger
Animoca Brands is acknowledged globally for its diversified digital asset portfolio, which incorporates investments in over 600 corporations throughout sectors similar to RWA, AI, gaming, blockchain infrastructure, and decentralized finance (DeFi). Its digital asset treasury options BTC, ETH, SOL, MOCA, SAND, EDU, and different altcoins, alongside stakes in main digital asset corporations together with Ledger, Kraken, Igloo, Consensys, Humanity Protocol, and LayerZero. The firm can be concerned in a three way partnership to launch a regulated stablecoin and has partnered with Provenance Blockchain Labs to develop NUVA, a platform aimed toward accelerating entry to RWAs, reflecting its institutional-grade strategy to compliant Web3 infrastructure.
In reference to the merger, Currenc plans to divest a few of its present enterprise strains, together with AI-powered monetary options and a digital remittance platform, that are anticipated to be spun off to Currenc’s present shareholders earlier than closing.
The merger is proposed to be executed through an Australian scheme of association and stays topic to due diligence, execution of definitive agreements, shareholder and regulatory approvals, inventory trade approvals, and completion of monetary reporting necessities. Both events have agreed to a three-month exclusivity interval to finalize phrases and advance towards a definitive implementation settlement, according to customary fiduciary obligations.
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