Animoca Brands and Currenc Announce Landmark Reverse Merger to Form Nasdaq-Listed Digital Asset Powerhouse
A proposed merger aims to take Animoca Brands public, creating a diversified global leader in digital assets, tokenization, and Web3 innovation.
Furedata - Fintech innovator Currenc Group has entered a non-binding term sheet with Animoca Brands. The agreement outlines a potential reverse merger through which Currenc would acquire all issued shares of Animoca.
The completed transaction would establish a Nasdaq-traded company with a global growth strategy. Its focus would span digital asset investments, real-world asset (RWA) tokenization, and comprehensive consumer and institutional blockchain applications.
Under the proposed framework, Animoca’s shareholders would hold approximately 95% ownership, with Currenc's investors retaining 5%. The resulting corporation is expected to operate publicly under the Animoca Brands name.
Animoca Brands is an acclaimed international leader in the digital asset space. Its diversified investment portfolio features over 600 companies across sectors like AI, gaming, blockchain infrastructure, and decentralized finance.
Its digital treasury holds prominent assets like BTC, ETH, and SOL. Strategic partnerships, including one with Provenance Blockchain Labs to build the NUVA platform, underscore its institutional-grade approach to Web3 infrastructure.
Alex Kong, Currenc’s CEO, called the proposed merger a significant milestone. He emphasized that the transaction would unlock substantial value for shareholders by providing ownership in a digital economy powerhouse.
Yat Siu of Animoca Brands noted the merger would establish the first publicly-listed digital assets conglomerate. He stated it would offer Nasdaq investors direct, diversified access to the altcoin economy.
In anticipation of the merger, Currenc plans to divest its current business operations. Its AI solutions for financial entities and a digital remittance platform will be spun off to existing shareholders.
Information from November 3, 2025, confirms the transaction will use an Australian scheme of arrangement. The deal is subject to due diligence, final agreements, and regulatory approvals within a three-month exclusivity period.