Animoca Hits Pause on Reverse Merger – But Its Public Listing Ambitions Aren’t Going Away
Animoca Brands has mutually suspended discussions with Currenc Group over a proposed reverse merger. The deal was first introduced on November 3, 2025.
Both firms agreed to pause the talks after reviewing the anticipated timeline for finishing the transaction and modifications in market circumstances.
Merger Talks on Hold
In its official weblog submit, Animoca Brands said the time wanted to finish the deal doesn’t at present match its short- and medium-term strategic targets and added that the 2 sides could resume discussions if market and enterprise circumstances enable.
Despite the pause, the Web3 large stated it’s at present working on its monetary compliance and company governance plans. Animoca issued its audited monetary statements for fiscal 12 months 2023 on July 17, 2026. This was the corporate’s second set of audited monetary statements launched this 12 months. It is now working on statements for fiscal 12 months 2024.
According to Animoca, finishing each reviews is a crucial step in its efforts to fulfill the necessities for a future public itemizing. Meanwhile, co-founder and govt chairman Yat Siu acknowledged,
“While we maintain our proposed merger with Currenc Group in high regard, our company agility should take priority. Today, we affirm our focus from a place of serious operational power, an unmatched digital belongings and AI portfolio, and a concerted drive to realize our compliance milestones.”
Separately, Animoca Brands has additionally been involved in Hong Kong’s stablecoin push. In February 2025, it teamed up with Standard Chartered Bank HK and HKT to kind a three way partnership referred to as “Anchorpoint Financial Limited.” In April 2026, the enterprise was granted one in all Hong Kong’s first official stablecoin issuer licenses by the HKMA. Anchorpoint started the preliminary rollout of its regulated Hong Kong dollar-backed stablecoin named HKDAP for institutional traders in August.
Public-Market Push Slows
Animoca’s choice comes at a time when a number of main crypto corporations have additionally slowed their itemizing ambitions in 2026. For occasion, Kraken’s mum or dad firm, Payward, put its IPO preparations on maintain in March, even after confidentially filing for a US itemizing in November 2025.
Crypto {hardware} pockets maker Ledger adopted in May, after pausing its IPO plans and turning to non-public funding as an alternative. Similarly, asset administration large Grayscale additionally delayed the method across the identical time.
The submit Animoca Hits Pause on Reverse Merger – But Its Public Listing Ambitions Aren’t Going Away appeared first on CryptoPotato.
